Sabio closes “multi-million investment” for its customer contact technology
London firm which has turnover in excess of £41m plans to use Lyceum Capital-backing to double in size over the next three to five years
Sabio, a tech business which specialises in customer contact, has secured a “significant multi-million pound investment” to support growth with backing from UK-based fund Lyceum Capital.
Lyceum Capital has also made £30m of funding available to Sabio to support its acquisition strategy.
Launched in 1998 with bases in London and Singapore, Sabio works with big tech brands such as Nuance and Avaya and provides them with solutions to simplify customer engagement.
According to Companies House, Sabio has over 196 staff and generated turnover of £41.6m in 2015.
It intends to use the funding to double the size of the business by 2021 through organic and acquisition-driven growth.
As part of the deal, Sabio’s COO Andy Roberts has been appointed CEO, while Lee Shorten will continue as chairman.
Roberts commented: “Partnering with a growth investment specialist firm makes sense for Sabio at this stage in our development as it gives us access to both the funds and expertise we need to accelerate our growth strategy.
“We’re looking to […] establish Sabio as the dominant player in our market.”