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EDM Group has secured £100 million in new funding to power continued product development, further acquisitions and organic growth. The funding has been provided by funds managed by BlueBay Asset Management and was arranged in partnership with Lloyds Bank.

EDM has seen its annual turnover grow from £23 million in 2011/ 2012 to £70 million in 2014/ 2015. Earnings are forecast to grow further in 2016/ 2017 with record demand from existing and new clients for EDM’s digital transformation and compliance solutions.

The £100 million in new funding follows a successful track record of eight acquisitions in the UK and US over the past three years, with EDM reviewing further acquisitions in core markets: North America, the UK and Europe. The past three years has seen EDM increase its global footprint with the launch of EDM in North America as well as the acquisition of xit2, the property data network, positioning EDM Group as an innovative player in the mortgage services market.

EDM’s client list includes HMRC, Legal & General, Bupa, Santander, Nationwide Building Society, Avis, Barclays and a number of NHS trusts. Its deep sector expertise includes financial services, automotive, insurance, government, health and mortgage services. In the US, EDM continues to gain momentum in key vertical markets – particularly the US insurance sector in which EDM is currently servicing seven of the top 10 firms.

Sam Ferguson, Group CEO of EDM Group, commented: “EDM is a leader in the transformation to digital and mobile information management. Our proprietary platforms enable full compliance for complex organisations and a greatly enhanced customer experience. This funding is a huge vote of confidence in our ability to continue to innovate and drive growth internationally.”
www.edmgroup.com