INVESTMENT YEAR
2007
REALISATION YEAR
2018
SECTOR
Technology
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IT & communications services provider

CableCom (now Glide Group) was the market leader in designing, installing and delivering managed internet services mainly in high density student accommodation. Competitors in the industry installed networks on a project basis, but CableCom differentiated itself by offering universities a unique model – network installation at no cost when the institution took out a 7-year managed services contract.

Our investment helped CableCom stay competitive by expanding their offering, building out the management team to navigate growth, developing their services and ensuring other competitors wouldn’t outcompete them on price.

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The right tools for growth

Talent
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We introduced a new Commercial Director to evolve the company’s value proposition.

Customer acquisition and retention
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We supported CableCom in the expansion into new markets as they were looking to grow in other areas alongside the student accommodation market. The team evolved the proposition from simple network managed services to a fully interactive web portal that enabled a dialogue between students and accommodation owners, offering greater efficiency and better service

Mergers & acquisitons
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We guided the acquisitions of utilities payment business, Glide, and internet service provider, WarwickNet to strengthen CableCom’s offering.

Tech enablement
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We helped to develop a fully interactive web portal, creating a continuous flow of information that enabled students, the university and even accommodation owners to communicate with and support each other.

CableCom timeline

1998 CableCom founded
2007 Livingbridge invests
2010 Wins contract to deliver voice, broadband and TV services to Media City
2012 Services reach 250,000 users
2013 Livingbridge realises investment, remaining as minority investor in the business
2016 Acquires Glide & WarwickNet
2018 Livingbridge reaches an agreement to sell the fund and investment management business of Livingbridge VC LLP, comprising the Baronsmead VCTs and the Livingbridge Equity Funds, to Gresham House plc.