An award-winning Veeam partner says its sale to a recently established private equity house will hand it “added firepower”.
virtualDCS – which sell both direct and via partners – has sold a majority stake to MonacoSol.
Private equity takeovers in the UK channel have been thin on the ground of late, with the sector’s most prolific investors – among them LDC, Bowmark and BGF – yet to announce an MSP investment in 2025.
Founded by serial tech entrepreneur Richard Beaton in 2023, MonacoSol has so far made three other acquisitions – all of northern tech or software companies.
It typically targets UK-based companies with annual turnover of between £500,000 and £2m.
Boasting 22 staff, cloud hosting, disaster recovery and cyber resilience specialist virtualDCS turns over £2.8m.
Veeam’s reigning Innovation Award partner winner, it also counts Malwarebytes, Wasabi, VMware, IBM and HPE as key allies.
It operates a hybrid model, selling via channel partners such as Phoenix Software, CCS Media and Vapour Cloud, as well as direct. Its key verticals include local government, hospitality, food wholesaling, healthcare, IT support, fuel supplies, research outfits and professional bodies.
virtualDCS co-founders Richard May, John Murray and Dan Nichols will remain with the business for the next phase of its journey, MonacoSol said.
“This acquisition is a key moment in virtualDCS’s journey. By joining forces with MonacoSol, we’re gaining the resources and expertise needed to accelerate our growth and enhance what we offer to our customers,” May said.
“It’s very much business as usual for our clients and, with the added firepower of MonacoSol, we’re in an even stronger position to innovate, expand our capabilities and deliver exceptional solutions.”
MonacoSol in October said it aimed to complete “two deals in the next six months” as it bagged a £40m warchest.
“We have significant funds at our disposal with which to invest in and support companies with strong growth potential,” MonacoSol CEO Ollie Beaton said at the time.
“Our approach is to add more than just capital, however. We also support founders with practical skills and knowledge in sales and marketing, strategic advice, commercial development and technology.”
