CIO Connect Undergoes Management Buyout

A management-led buyout team has taken over IT management networking organization CIO Connect from the National Computing Centre. The entire buyout process was led by CIO Connect CEO Nick Kirkland and aided with investment from Shackleton Ventures. The new owner promised to invest further in order to enhance the value of the organization devoted to CIOs and their teams. The price of the buyout was not disclosed. The buy out was helped by investment from Shackleton, who focuses in direct secondary venture capital investments.

Michael Gough, NCC’s CEO, revealed that he expects the extra investment in CIO Connect to enable the organization to grow to the subsequent level and concentrate on upholding the cause of “professional management of IT within the UK”. Hugh Stewart, a managing partner with Shackleton, will be a part of the CIO Connect board.

Nick Kirkland, the Chief Executive of CIO Connect is happy about the fact that he was now free to make extra investment in the network towards improvement. He believes that the success of organization will depend on the success of the members. The NCC Board wished CIO Connect all the success and best wishes as it starts its journey towards the next stage of its growth.

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