Be Heard Group PLC Strategic Investment (5933B)

TIDMBHRD

RNS Number : 5933B

Be Heard Group PLC

10 June 2019

10 June 2019

FINAL

BE HEARD GROUP PLC

("Be Heard", the "Group" or the "Company")

INVESTING FOR GROWTH

Be Heard is pleased to announce that it has made a strategic investment in Digital Delivery Consulting Limited (trading as 3pointsDigital "3PD") a digital transformation consultancy which supports C-Suite executives in framing their approach on how best to benefit from the digital revolution.

Following a successful partnership with several clients, it became apparent that a formal arrangement would enable both businesses to offer a broader and more comprehensive service offering to current and future clients. For Be Heard, 3PD should prove to be a significant source of new business engagements and further expand the range of services the Group can offer to clients, whilst for 3PD, Be Heard provides access to comprehensive, high-quality delivery capabilities.

The strategic investment consists of a GBP320,000 cash payment for 20% of the voting equity of 3PD. Pleasingly, as at the end of May 2019 the new business wins secured via 3PD has on a revenue basis more than paid back the cash investment.

Ben Rudman COO of Be Heard and Co-Founder of MMT Ltd commented:

"I am excited about the opportunities that this partnership can bring for both Be Heard and 3PD. We have the highest respect for the 3PD management team who have worked with a wide range of international businesses, helping them to adapt their products and services to the fast-paced and ever-changing digital world."

Chris Micklethwaite Consulting Principal and Founder of 3PD commented:

'I am delighted 3PD has become part of the Be Heard family and am excited by the synergies it brings to both our clients. We have long respected the high-quality delivery of all of the businesses within Be Heard and see a future strengthened by our partnership. 3PD's C-level strategy coupled to Be Heard's delivery helps every client business benefit from the digital revolution."

Enquiries:

 
 Be Heard Group Plc                      [phone] 
 Simon Pyper, Group Chief Executive 
  Ben Rudman, Chief Operating Officer 
 
 
 
 N+1 Singer (Nomad and Joint Broker)     [phone] 
 Mark Taylor / Lauren Kettle 
 
 
 Dowgate (Joint Broker)                  [phone] 
 James Serjeant 
 
 

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June 10, 2019 02:00 ET (06:00 GMT)