INVESTMENT YEAR
2014
SECTOR
Technology
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B2B internet service provider

M247 is the UK’s fastest growing connectivity and internet infrastructure provider. Established in Manchester in 2003 as Metronet (UK), it has since grown rapidly, both organically and through transformative acquisitions, to deliver high-speed connectivity and managed services to corporates and SMEs across the Midlands and North of England, with recent expansion into London and Europe. 

The combined Group, which rebranded as M24Seven in 2017, operates the most advanced hybrid ISP network in the UK. By combining a unique offering of wireless and wired technology, M247 is able to offer connectivity solutions that are typically implemented five times quicker than traditional fibre and copper-based services.

Building the best
  • BVCA Mid-Market Private Equity backed Management Team of the Year in the North West
  • BVCA’s Business Transformation Management Team of the Year 2019
  • Tech Leaders Award’s Business Leader of the Year 2019 
  • MEN Tech Award’s Best Global Reach 2019 
  • ISPA’s Executive of the Year 2019
  • Sunday Times Profit Track 100 
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The right tools for growth

M&A
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We supported the business’s transformative acquisition strategy. Metronet (UK) acquired M247 in 2016 and Venus Business Communications in 2017. The combined Group, which has recently rebranded as M247, operates the most advanced hybrid ISP network in the UK and employs around 250 people across five sites including Manchester, London and Bucharest, supporting almost 34,000 customers across 92 countries.

Talent
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We have worked to strengthen the management team with the appointment of a new CEO and FD, all of whom have worked with Livingbridge previously.

M247 timeline

2003 Metronet (UK) founded
2014 Livingbridge invests
2014 Wins BVCA Mid-Market Private Equity backed Management Team of the Year in the North West
2016 Appoints new CIO
2016 Acquires M247
2017 Acquires Venus Business Communications
2017 Rebrands as M24Seven
2017 Appoints new chairman
2017 Recognised in Sunday Times Hiscox Tech Track 100
2019 Wins BVCA's Business Transformation Management Team of the Year 2019
2019 Wins Tech Leaders Award’s Business Leader of the Year 2019
2019 Wins MEN Tech Award’s Best Global Reach 2019
2019 Wins ISPA’s Executive of the Year 2019
2019 Featured in the Sunday Times Profit Track 100