31st October 2022 2 MIN READ
Talos360, an award-winning provider of intelligent talent technology solutions, has announced its new partner, who will support the next stage of its growth journey – leading mid-market private equity firm LDC.
We’re thrilled to announce that we’ve secured backing from private equity partner LDC. As part of the Lloyds Banking Group, LDC has a hugely impressive portfolio of companies across various industries, including HR SaaS businesses.
About Talos360
Co-founded by Stephen Rundell and Tomas Coulter in 2009, Talos360 is one of the UK’s fastest-growing HR technology providers. Enjoying a period of rapid growth, Talos360 now employs more than 120 people and ended 2021 with a 94% tech revenue growth and a 56% revenue increase overall. We’re also on target to finish 2022 with a turnover of more than £10 million. And thanks to LDC’s support, our CEO Janette Martin and the leadership team now have the backing to support our organic growth strategy, which will seek to invest in product development as we continue to help businesses to attract better, recruit and retain talent.
Our new investors – LDC
The investment was led by John Clarke, Investment Director at LDC in the North West, supported by Investment Managers Camilla Greenwood and Grant Goodwin and Dale Alderson, Partner and Head of LDC in the North West. Both John and Dale will join the board as Non-Executive Directors, alongside Chris Herrmannsen, Founder of global talent acquisition and management business Ochre House, who joins as Non-Executive Chair.
Stephen Rundell, Co-Founder of Talos360, said:
‘We’re really proud of the business we’ve built, and I’d like to thank Tristan and the team at Twenty20 Capital for helping us to get to where we are today. As we look to the next stage of our strategy, we see huge potential for continued growth, and with the team’s track record and sector expertise, we’re confident LDC is the partner to help us tap into this.
‘We also wanted a partner who would be a good cultural fit. Our people are our most important asset, and to have a partner that mirrors the characteristics we look for in our employees – caring, genuine, and down to earth – was key for us.‘
Janette Martin, CEO at Talos360, added:
‘I’m incredibly excited about our partnership with LDC. We share a passion for developing people-first, high-growth businesses, and I can’t wait to have the team join us at the boardroom table. From day one, it was clear that LDC is an investment partner that backs management teams and supports their strategy, which is how we want to work.
‘I’m so proud of what we have achieved so far, and there is no doubt that we have an incredible opportunity ahead of us. Our amazing team is brimming with ideas, and we’re looking forward to what we can bring to existing and new customers. To have a partner that will add value and support us along the way is exactly what we were looking for.‘
John Clarke, Investment Director at LDC, said:
‘Talos360 is a fantastic business, and the management team’s strategy of putting its people and customers first has enabled them to build an enviable proposition within the market. There’s a real opportunity to build on this, enabling the business to support more customers with its talent strategies. We’re looking forward to supporting Janette, Stephen, and the wider team on their journey.‘
