NEXT FIFTEEN COMM: Acquisition
September 01 2020 - 2:00AM
UK Regulatory
TIDMNFC
Next 15 Communications Group announces Acquisition of Mach49, a
Global Growth Incubator
Next 15 Communications Group plc has announced it has acquired
Mach49, the Silicon Valley-based growth incubator for global
businesses. Signaling an important strategic move for Next 15,
Mach49 will become the cornerstone of its previously announced
plans to create a $100m revenue innovation business to work
alongside Next 15's market leading data, technology and brand
marketing businesses to help global leaders create and execute
disruptive growth strategies, shake up existing markets and open
new ones. Mach49 which has annual revenues of approximately $13m,
currently has offices in Silicon Valley, Boston, London and
Singapore serving Global 1000 clients such as Schneider Electric,
Pernod Ricard, TDK, Stanley Black and Decker and many others.
Tim Dyson, CEO of Next 15 said: "The acquisition of Mach49 takes
Next 15 in a new strategic direction. There is tremendous pressure
within large businesses to innovate and transform to meet the
world's challenges, as well as to fight market disruption from
VC-backed start-ups. In the current climate, we are seeing a big
shift with large companies increasingly focused on the execution of
these initiatives to drive meaningful growth. Combining Next15's
experience with high growth Silicon-Valley companies and Mach49's
expertise in creating and launching new ventures, incubators and
corporate venture capital funds will give us a unique service
offering for global businesses to build and scale resilient new
ventures. Collectively we can now work with customers to design and
build high growth, Silicon Valley style companies with digital
native go-to-market capabilities at their core."
Incubating Growth for Global Giants
Led by a group of experienced and successful entrepreneurs,
venture capitalists and C-Suite executives, Mach49 has pioneered a
repeatable, scalable, customer-centric approach that enables global
businesses to leverage the strength of their talent, assets,
competencies, brands, channels and customers to build their own
incubators and growth engines. This approach, developed and
codified over many years, has resulted in a consistently high
success rate getting clients' ventures to market, a performance
that places them as one of the leading venture builders in the
world.
Linda Yates, Founder and CEO of Mach49 said: "We see ourselves
as co-founders not consultants, helping our clients unleash their
inherent strengths to build their growth engines. We have invested
many years building the methodology, processes and tools that are
now driving our clients' new venture building and investing success
rate, Next15 emerged as the perfect partner -- an agile, long-term
disruptor themselves, many of Next 15's companies provide execution
capability our clients and their new ventures require. Combining
forces with Next 15 will let us deliver a greatly expanded
execution playbook so that our customers can more rapidly build and
accelerate not just one new venture but a pipeline and portfolio of
new ventures to drive meaningful growth."
Mach49's venture building practice has helped clients across a
wide variety of industries such as Clipsal Solar, an Australian
residential solar energy provider (incubated with Schneider
Electric); Surehand, a self-service hiring platform that instantly
matches industrial employers with skilled tradespeople (incubated
with Stanley Black & Decker) and Pear.ai, an energy analytics
solution for enterprises (incubated with RWE and recently acquired
by Exelon). Mach49's global corporate venture investing practice
(CVC) has helped build and manage top tier CVCs including TDK
Ventures, Pernod Ricard's Convivialité Ventures, Goodyear Ventures,
Qu Ventures, and Hypertherm Ventures, among many others. These
clients are leveraging Silicon Valley best practices -- taking
advantage of the many decades of experience represented by the
Mach49 VCs-in-Residence who coach and guide them. Mach49 has
partnered with the top professors of corporate innovation and
growth from universities such as Stanford, Dartmouth, Princeton, UC
Berkeley, Columbia and Northwestern.
Mach49's game-changing approach to venture building and
incubating growth will soon be chronicled in Founder and CEO, Linda
Yates' book "Disrupting InsideOut: How Companies Can Launch New
Ventures at Startup Speed to Drive Growth," to be published by
Harvard Press, Spring 2021.
Enquiries:
Next Fifteen Communications Group plc
Tim Dyson, CEO
+1 415 350 2801
Peter Harris, CFO
+44 (0)20 7908 6444
Numis
Mark Lander, Hugo Rubinstein, Nick Westlake,
+44 (0)20 7260 1000
###
View source version on businesswire.com:
https://www.businesswire.com/news/home/20200831005011/en/
CONTACT:
Next Fifteen Communications Plc
SOURCE: Next Fifteen Comm
Copyright Business Wire 2020
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