Managed service provider PMC has secured a minority growth investment from capital investor BGF.
Founded in 2001 by Paul Mason (pictured), and headquartered in Abingdon, Oxfordshire, UK, PMC provides consulting, professional services, digital engineering and managed services to over 120 retail, commerce and technology customers across 24 countries.
The 500-strong PMC team in the UK and India supports brands including WHSmith, National Express, Primark, Crew Clothing and World Duty Free, among many others.
The undisclosed funding amount will support PMC in expanding its portfolio of digital engineering and managed services globally, together with investing in its Graphene Commerce Platform, which helps to “accelerate” business transformation and deliver “truly integrated” digital commerce solutions, said the firm.
The business is already in a growth phase, and is investing in a new global centre of excellence in Vadodara, India. The facility will provide capacity to expand PMC’s team to over 1,000 people globally, with dedicated customer teams.
Former Kingfisher executive Paul Worthington will remain on the board as a non-executive director, together with founder Paul Mason.
“It was important to find a partner that really understood our approach to talent-driven transformation and valued our culture, deep domain knowledge, customer-first mindset and global delivery ambition. The BGF team is fully supportive of and aligned to the incredible opportunity that the rapidly changing commerce technology landscape provides us,” said Mason.
The minority investment deal was led by Duncan Wade and Harry Kernick, investors in BGF’s Reading team, who will both support the PMC board and the wider leadership team’s growth strategy.
“The company has built a market-leading reputation, driving strong growth and investing in high-performing talent in both India and the UK. We are excited to support PMC in its next phase of growth as it continues to develop and deliver trusted and innovative solutions to the retail, B2C/D2C and commerce markets,” said Duncan Wade, investor at BGF.
