PE Tech Report

NEWSLETTER

Like this article?

Sign up to our free newsletter

WestBridge portfolio company ISG Technology appoints chair

ISG Technology, a portfolio company of private equity firm WestBridge Capital, has appointed Jonathan McKay as non-executive chairman.

McKay has a strong background in strategic development, sales, marketing and general management, gained in the technology sector.
 
He is currently chairman at JustGiving, the UK’s largest online fundraising platform; La Fosse Associates; Driftrock; Cambridge Broadband; and Forward Partners. He is also an advisory board member of Ventech China.
 
Prior to these appointments, McKay had a successful career in high growth software companies, including Sun Microsystems where he worked both in the UK and the US. He has accumulated a wealth of experience in the formulation and execution of value creation strategies in both an executive and non-executive capacity throughout his career. 
 
ISG Technology designs, installs and manages mission critical networking infrastructure and Wi-Fi connectivity for mid to large size enterprises with hundreds – often thousands – of sites. ISG supports both public and private enterprise, including the retail, quick service restaurant and major global ICT and telecommunications sectors. WestBridge supported CEO Mike Morrison in a secondary buyout last year with a GBP4 million investment.
 
Morrison, says: “Over the last four years we have experienced compound double-digit growth in revenue and EBITDA and this has continued and accelerated since the investment from WestBridge. We remain committed to further value enhancing growth and we wanted to appoint a chairman that could make a significant contribution to this objective.
 
“Jonathan has exactly the right background and approach to do this. It has already become clear that his fresh perspective will help us to refine our business strategy, customer propositions and go to market model for existing and new markets, and for the benefit of all ISG stakeholders. I and my colleagues are very much looking forward to working with Jonathan in the years to come.”   
 
WestBridge partner Valerie Kendall, who sits on the ISG board, says: “ISG is already strong in its sector, benefitting from a robust business model, a loyal customer base and healthy recurring revenues.  We’re now keen to pursue further growth, predominantly through refining our service offering, and Jonathan’s sales and marketing expertise made him the natural choice for the role of chair.”
 
Sandy Smart, fellow WestBridge partner, says: “Jonathan has significant experience working with private equity backed companies so understands the drivers and dynamics involved. We’re delighted that he has chosen to invest in ISG, and are looking forward to working with him to deliver returns for all stakeholders.”

Like this article? Sign up to our free newsletter

MOST POPULAR

FURTHER READING

Featured