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Transparity – the UK’s most accredited Microsoft partner delivering managed services in Cloud and artificial intelligence (AI) – today announced an agreed investment from private equity firm Bowmark Capital. Transparity will use the investment to supplement its strong organic growth and to fuel growth via M&A in the UK and Europe and by creating new jobs to serve its growing customer base and to address increasing customer complexity.
Transparity will also create a Cloud and AI skills academy, building on its existing apprenticeships offering, to help UK graduates and workers who want to learn new skills. This will qualify academy graduates for over 50 future roles at Transparity, in addition to roles at other Microsoft partners and tech firms across the UK.
According to UK government research, approximately 1 in 8 (13%) businesses report that they are currently using some form of AI as of June 2024. Transparity is already playing a key role in helping businesses across the UK to better leverage cloud services and to embrace AI to improve business outcomes.
Transparity helped the Dorset and Intelligence Insight Service (Diis) to link up their data and offer the organisation deep insights into their patients, hospitals, GPs and more. This allows DiiS to improve the care they deliver and think more strategically about which areas need investment – a critical factor in utilising NHS funding in the best possible way.
Transparity is working with UK-based technical consulting firm BMT to leverage generative AI in their daily work with customers. The firm is seeing increased productivity and delivery across their entire team and see their use of AI as a competitive advantage in winning new business.
In their work with Total Security Services, Transparity helped them to create a risk model to assess the placement of guarding services in UK retail. This in turn allowed TSS to offer a more cost-effective service to its customers, but doing so without impacting staff wellbeing and shrinkage metrics. Theft remains the leading contributor to retail shrink at circa 66% according to industry reports, and shrinkage rates have been climbing, making any tool that combats this trend a vital addition.
In a joint statement David Jobbins, Chairman and Paul Bolt, CEO of Transparity said, “Today is a huge milestone for Transparity and we are excited to partnering with Bowmark who share our vision for creating new jobs, upskilling in cloud and AI and a considered M&A strategy that looks at capability, scale and geography. We’re also excited to expand our Transparity Academy to invest in upskilling graduates and wider team members in the UK in cloud and AI – essential skills for the future ahead of us. We cannot wait to get started.”
Bowmark Investment Director, Fiona McCormick, added: “We are delighted to be supporting such an impressive team who have built a genuinely differentiated, high growth business. Transparity’s combination of technical depth, employee-centric culture and Microsoft alignment mean that it is strongly positioned to deliver transformative outcomes for its customers. We look forward to helping Transparity capitalise on the significant opportunity ahead.”
