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Home Oxygen 250 feature

CloudClevr CEO: “We plan to resume our M&A activity in 2025”

Oxygen 250's youngest firm, Rigby Group-backed CloudClevr, is set to hit the M&A trail again this year, CEO Steve Harris reveals

Oxygen staff by Oxygen staff
23 January 2025
in Oxygen 250 feature
Steve Harris, CloudClevr

Steve Harris, CloudClevr

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This Q&A appeared in Oxygen 250 2025, in which CloudClevr ranked 157th. IT Channel Oxygen members can download the full report here.

What was your high point of 2024?

2024 was a milestone year for CloudClevr as we worked to bring together our acquired businesses [NGC Networks, 4Sight, Bamboo and Twisted Fish] under one unified brand and organisation.

Together, these businesses have become the foundation of CloudClevr’s DNA, giving us a strong platform to build upon. By the end of our financial year in March, we will fully integrate all our companies into a single brand and team, operating on a single CRM, PSA and billing platform, with a consolidated portfolio and optimised supply chain.

What kind of metrics or achievements would make it a successful 2025 for CloudClevr?

Today we have six technology pillars, but the average customer only engages with us in 1.6 of these areas so this represents a huge amount of white space for growth within our existing customers. We worked hard to refine our IT & security offerings last year and there’s a great opportunity to grow here in particular. 29% of our revenue comes from IT & security services but less than 15% of our customers take services from us in this area. So capitalising on these untapped opportunities within our existing customer segment is going to be a major focus in 2025.

At the time of your fourth acquisition, you said you now have “a very strong base for organic growth”. Does that mean further M&A in 2025 is unlikely?

We were really focused on integration last year and we wanted to make sure we had the right platform in place to effectively support all our future acquisitions. While 2024 has been about creating a strong foundation, we plan to return to the market in 2025, resume our M&A activity and continue building on this momentum.

What is CloudClevr’s sweet spot in terms of target customers and proposition?

With our strategic investments across our six core technology pillars, we’ve positioned ourselves to support customers in the SME segment (50 – 250 employees) as well as larger organisations across both public and private sectors.

Central to our approach is the Clevr360 platform, which underpins our customer engagements and ensures we continuously measure and deliver value.

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