Member Article

London information management specialist EDM lands £100m funding package

London-based EDM Group (EDM), an information management specialist, has secured £100m in new funding to power continued product development, further acquisitions and organic growth. The funding has been provided by funds managed by BlueBay Asset Management and was arranged in partnership with Lloyds Bank.

LDC-backed EDM has seen its annual turnover grow from £23m in 2011/ 2012 to £70m in 2014/ 2015. Earnings are forecast to grow further in 2016/ 2017 with record demand from existing and new clients for EDM’s digital transformation and compliance solutions.

The £100m in new funding follows a successful track record of eight acquisitions in the UK and US over the past three years, with EDM reviewing further acquisitions in core markets: North America, the UK and Europe. The past three years has seen EDM increase its global footprint with the launch of EDM in North America as well as the acquisition of xit2, the property data network, positioning EDM Group as an innovative player in the mortgage services market.

EDM works by enabling public and private sector organisations to transform their information management processes, delivering efficiencies and improved user experiences across mobile and online platforms, while ensuring full regulatory compliance and data security.

Sam Ferguson, Group CEO of EDM Group, commented: “EDM is a leader in the transformation to digital and mobile information management. Our proprietary platforms enable full compliance for complex organisations and a greatly enhanced customer experience. This funding is a huge vote of confidence in our ability to continue to innovate and drive growth internationally.”

Alexander Clark, Investment Director at LDC South, said: “EDM has cemented its position as a differentiated market-leading information management firm in a highly complex and competitive market. The series of strategic acquisitions which it has undertaken in recent years has strengthened its core capabilities and increased its market share substantially. This latest injection of capital will enable us to work with its leadership team to execute further strategic opportunities to extend its international reach, expand its product offering as part of its long-term growth plans and continue to support future acquisitions”.

Adrian Peckham, Director, Acquisition Finance team at Lloyds Bank Commercial Banking, added: “We are delighted to continue to support EDM as the group enters into its next phase of growth. In recent years EDM has grown substantially as a business, expanding into the US market and developing a number of exciting digital products. With the continued support of LDC and a strong management team we believe EDM is well positioned to make further gains in a competitive market and look forward to supporting the group during this journey.”

EDM’s client list includes HMRC, Legal & General, Bupa, Santander, Nationwide Building Society, Avis, Barclays and a number of NHS trusts.

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