10th Jun 2019 07:00
10 June 2019
FINAL
BE HEARD GROUP PLC
("Be Heard", the "Group" or the "Company")
INVESTING FOR GROWTH
Be Heard is pleased to announce that it has made a strategic investment in Digital Delivery Consulting Limited (trading as 3pointsDigital "3PD") a digital transformation consultancy which supports C-Suite executives in framing their approach on how best to benefit from the digital revolution.
Following a successful partnership with several clients, it became apparent that a formal arrangement would enable both businesses to offer a broader and more comprehensive service offering to current and future clients. For Be Heard, 3PD should prove to be a significant source of new business engagements and further expand the range of services the Group can offer to clients, whilst for 3PD, Be Heard provides access to comprehensive, high-quality delivery capabilities.
The strategic investment consists of a £320,000 cash payment for 20% of the voting equity of 3PD. Pleasingly, as at the end of May 2019 the new business wins secured via 3PD has on a revenue basis more than paid back the cash investment.
Ben Rudman COO of Be Heard and Co-Founder of MMT Ltd commented:
"I am excited about the opportunities that this partnership can bring for both Be Heard and 3PD. We have the highest respect for the 3PD management team who have worked with a wide range of international businesses, helping them to adapt their products and services to the fast-paced and ever-changing digital world."
Chris Micklethwaite Consulting Principal and Founder of 3PD commented:
'I am delighted 3PD has become part of the Be Heard family and am excited by the synergies it brings to both our clients. We have long respected the high-quality delivery of all of the businesses within Be Heard and see a future strengthened by our partnership. 3PD's C-level strategy coupled to Be Heard's delivery helps every client business benefit from the digital revolution."
Enquiries:
Be Heard Group Plc | +44 20 3828 6269 |
Simon Pyper, Group Chief Executive Ben Rudman, Chief Operating Officer | |
N+1 Singer (Nomad and Joint Broker) | +44 20 7496 3000 |
Mark Taylor / Lauren Kettle | |
Dowgate (Joint Broker) | +44 20 3903 7715 |
James Serjeant | |
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