Leeds-based cloud services provider virtualDCS has been acquired by private equity firm MonacoSol, securing a majority stake in an undisclosed deal. MonacoSol’s acquisition is part of its broader strategy to expand its portfolio, which includes investments in sectors like construction software, fintech, and B2B services.
Key leadership changes accompany the deal. Co-founder Dan Nichols returns as Chief Technology Officer (CTO) after a decade-long tenure at Sleek Networks, Secura Hosting, and WebContractor. Former CTO and co-founder John Murray takes on the role of solutions director. Kieran Brady has been appointed Chief Revenue Officer, bringing experience from major companies such as BT, Capita, and Deutsche Telekom.
MonacoSol’s backing is expected to help accelerate virtualDCS’s growth. The company will focus on enhancing its offerings in data protection, cyber resilience, and technological capabilities. The company aims to modernise its services and expand its resilience-driven solutions to better meet businesses’ growing data security demands.
