August 2024

As you may have heard, Evolve has now officially announced the successful transition into its first-ever investment. This is an incredible milestone that not only highlights the businesses significant growth but also represents a strategic move in its mission to take the pain out of connectivity for as many global customers as possible. As with any announcement on this scale, there are bound to be questions, some of which are answered here. There are exciting changes ahead, but one thing that won’t change is Evolve’s availability and commitment to its customers. However, if you have any further questions, or want to discuss the investment announcement in more detail, please don’t hesitate to get in touch with the team. What is the purpose of the investment? The investment is designed to help Evolve achieve its strategic goals, specifically, expanding market reach, enhancing its already impressive product offering, increasing operational capacity, and driving innovation and technological development. Who are the investors involved? The funding has come from renowned investment company British Growth Fund (BGF) , which boasts an extensive portfolio of businesses inside and outside the telecoms sector. This is a great fit for Evolve, as the British Growth Fund aligns perfectly with its values, ESG initiatives, and the people focus Evolve is known for. The deal was led by Pinesh Mehta and Josh Bean, investors in BGF’s Manchester team. As part of the investment, Adrian Thirkill will join the Evolve board as Non-Executive Chair, bringing valuable sector and strategic experience. How will the investment be used? In the last four years, Evolve has experienced impressive growth, increasing turnover from £6.8 million to a targeted £20+ million this year. Thanks to the investment, it expects to double turnover in the next three years by using the investment to fund UK and international expansion plans, with a primary focus on the US. Currently, Evolve operates 1,200 sites in the US across multiple states – predominantly in the fuel forecourt industry. It will now move forward with plans to move further into the Quick Serve Restaurant (QSR) sector, working in conjunction with existing partners. The investment will also support growth plans by enabling key people to be brought on board. In the past few years, the team has grown from 23 in 2020 to 117 in 2024. With the investment from BGF, the plan is to increase national and international headcount over the next three years.  Finally, Evolve will use some of the investment to improve infrastructure, with the creation of a new warehouse in Wigan to support growth plans. How does the investment align with the company’s long-term vision? The investment from BGF is an important step in achieving the long-term goals of becoming a market leader, fostering cutting-edge innovation and maintaining a competitive advantage. Evolve believes British Growth Fund has the experience needed as an ambitious and fast-growth business, with the added benefits of a dedicated Value Creation team and strong network. It has a strong reputation for supporting dynamic and exciting businesses like Evolve on a wide range of growth strategies, so the leadership team is confident BGF is the right partner to help realise the next phase of Evolve’s growth journey. What changes can we expect as a result of the investment? In the short term, the biggest change will be the addition of a new non-executive director, who will join the Evolve Board as part of the investment, and bring decades of telecoms sector experience. Although this will not directly impact customers, the longer-term aim is to harness British Growth Fund’s wider industry knowledge in sectors such as retail, quick service restaurants, and hospitality. This will ultimately lead to enhancements in product quality and service delivery. Exceptional service remains Evolve’s top priority, and you can rest assured that this investment will not change the focus on customer care. End About Evolve Business Group and Evolve Evolve Business Group is an independently owned company that specialises in providing end-to-end IT and managed network solutions to a range of businesses. Evolve is helping businesses to reduce costs and simplify the management of services and give business owners and their teams more time to do what they do best. Founded in 2005, it has worked with a variety of customers across different industries around the world, building a team of highly experienced specialists to help create effective and efficient packages using any combination of different offerings. It keeps a range of cross-sector networks protected and connected. @evolvebg Visit Evolve’s LinkedIn

Evolve is proud to announce that it has been shortlisted for two prestigious awards at the upcoming Comms National Awards. The company has been recognised in the categories of  Best SME Managed Service Customer Solution and Best SME Vertical Market Customer Solution. These nominations go beyond mere accolades—they serve as a powerful testament to the hard work, dedication, and innovative spirit that drives the Evolve team every day. Being shortlisted in these categories highlights Evolve’s commitment to delivering exceptional, tailored solutions that meet the specific needs of customers in the SME sector. Whether managing complex service requirements or addressing the unique demands of vertical markets, Evolve consistently strives to provide top-notch service and support. The recognition from the Comms National Awards is especially meaningful as it underscores Evolve’s ongoing mission to help SMEs navigate the challenges of today’s fast-evolving market. The company’s focus has always been on understanding its customers’ unique needs and developing solutions that not only meet but exceed their expectations. These nominations validate Evolve’s efforts and inspire the team to continue pushing the boundaries of what’s possible in managed services and vertical market solutions. Evolve extends a heartfelt thank you to Comms Dealer for this incredible honour. The team is eagerly looking forward to the awards ceremony and the opportunity to celebrate this achievement alongside industry peers. It’s an exciting time for Evolve, and the company is thrilled to be recognised for the impact it is making in the industry. As the team counts down to the big night, Evolve remains committed to delivering innovative and customer-centric solutions that empower SMEs to thrive in an increasingly competitive landscape. Stay tuned for more updates, and thank you to everyone who has supported Evolve on this journey. Here’s to celebrating success and driving forward the future of SME solutions! 🏆 End About Evolve Business Group and Evolve Evolve Business Group is an independently owned company that specialises in providing end-to-end IT and managed network solutions to a range of businesses. Evolve is helping businesses to reduce costs and simplify the management of services and give business owners and their teams more time to do what they do best. Founded in 2005, it has worked with a variety of customers across different industries around the world, building a team of highly experienced specialists to help create effective and efficient packages using any combination of different offerings. It keeps a range of cross-sector networks protected and connected. @evolvebg Visit Evolve’s LinkedIn

Evolve is thrilled to announce some exciting news! The company’s dedication to delivering top-notch business solutions has been recognised on a grand scale, as Evolve has been shortlisted for two highly prestigious awards at the upcoming Connected Britain Conference, hosted by Total Telecom at the ExCeL London. The categories in which Evolve has been nominated are *Enterprise Solution of the Year* and *B2B Service Provider of the Year*. This recognition is more than just a moment of pride; it stands as a testament to the hard work, passion, and innovation that the Evolve team pours into everything they do. Being acknowledged in these categories underscores the company’s unwavering commitment to providing industry-leading solutions tailored to meet the unique needs of multi-site businesses. These nominations reflect Evolve’s dedication to excellence and its continuous efforts to empower businesses with the cutting-edge tools they need to stay competitive and thrive in today’s fast-paced environment. As the team gears up for the event, they eagerly look forward to standing alongside some of the industry’s top innovators and leaders. The Connected Britain Conference is a pivotal platform that brings together the best and brightest in the telecommunications sector, and Evolve is proud to be a part of it. The company’s journey towards shaping the future of business connectivity is just beginning, and this recognition marks a significant milestone along the way. Evolve invite conference attendees to learn more about Evolve’s groundbreaking solutions and how they can help businesses stay ahead of the curve. For those interested in arranging a meeting with Commercial Director Neil Muttock or Account Manager Stuart Williams, feel free to reach out at sales@evolvebg.co.uk. For more information about Evolve and the innovative solutions they offer, visit their website.   End About Evolve Business Group and Evolve Evolve Business Group is an independently owned company that specialises in providing end-to-end IT and managed network solutions to a range of businesses. Evolve is helping businesses to reduce costs and simplify the management of services and give business owners and their teams more time to do what they do best. Founded in 2005, it has worked with a variety of customers across different industries around the world, building a team of highly experienced specialists to help create effective and efficient packages using any combination of different offerings. It keeps a range of cross-sector networks protected and connected. @evolvebg Visit Evolve’s LinkedIn