Investment in Cloud Direct by Crayon

Deal typeTransaction Services
IndustryTechnology & Media
Client nameOn-Direct Group Ltd (trading as Cloud Direct)

BDO provided Vendor Due Diligence Services to Cloud Direct (OnDirect Business Services Ltd) in respect of Crayon's investment.

Crayon, which employs more than 2,000 people in 35 different countries, has invested in Cloud Direct to support the continued growth of the business. Cloud Direct’s world-class Cloud Managed Services, partnered with Crayon’s expertise in licensing and cost optimisation will enhance the offering and capacity that both partners provide to their customers.

“This was the first time we have worked with the BDO DD team.  We found the team to be very knowledgeable and highly collaborative in their approach, with us and our other advisers.  They applied their sector knowledge very well, clearly analysing and articulating our key business drivers, thus making a valued contribution to the successful outcome that we achieved.”

Simon Furber, Group Chief Financial Officer, Cloud Direct