Lyceum Capital

Adapt

Business

Established in 2001, Adapt is a leading UK Managed Hosting Provider, delivering enterprise-class cloud, infrastructure management, network and data centre services to a wide range of mid-market clients that operate mission critical applications including Steinhoff Retail, PKR, Cubic Transportation, LOVEFiLM and the National Trust.

Adapt’s services increase business agility, enabling change and innovation with an integrated offering that spans the entire infrastructure. The company’s flagship award-winning enterprise cloud platform (eVDC) underpins the delivery of affordable, scalable virtual and cloud-based services that can be simply defined by number of users.

The business employs 60 people at its central London headquarters, 120 at its operational centre of excellence in Cardiff and 20 in Leeds. At acquisition, Adapt’s EBITDA was £4 million on a turnover of £35 million.

Market

The UK IT services market as a whole is forecast to grow at a compound annual rate of four per cent over the next five years whilst Adapt’s core addressable market for managed hosting will expand at approximately 15 per cent per annum during the same period. The rapid growth of the managed hosting and cloud services segment is being driven by demand from mid-market businesses looking to drive infrastructure transformation to deliver higher business value, reduce infrastructure costs and remove complexity by outsourcing management of critical data, infrastructure and applications.

Strategy

Lyceum Capital led the institutional buyout of Adapt and is implementing an organic and acquisitive growth strategy which includes:

Developments

Below are links to interesting news items on Adapt: