FlyForm Receives Investment From Lloyds Bank to Accelerate £1bn Growth Plan
FlyForm Ltd – a UK-based Elite ServiceNow partner – received a growth capital investment from Lloyds Bank, in partnership with Izy Capital as Lead Advisor. With this investment, FlyForm will continue to consolidate its position as the leading ServiceNow consultancy firm, before expanding into complementary market spaces, ultimately targeting annual revenue of £1 billion over the next 10 years.
Founded in late 2015 and headquartered in Cardiff (Wales), FlyForm is led by co-founders Arron Davies (COO) and Philip Davies (CEO) – one of WalesOnline’s “2019’s 35-under-35” inductees. Since its early days, the company has quickly expanded to work with clients across the UK and experienced compounded annual growth rate of 261%. The company’s current clients span a variety of sectors, including government, financial services and healthcare.
“We are beyond grateful to Lloyds Bank and the Izy Capital team for their help in achieving this massive opportunity,” says CEO Philip Davies. “I look forward to working with my co-founder Arron and our growing team toward our vision of building Wales’ first global technology consultancy with £1bn in annual revenue. This injection of capital will help us accelerate even faster into the next level, as well as being a huge vote of confidence in our vision to continue supporting the local economy with hundreds of jobs in the near future.”
FlyForm works exclusively with ServiceNow – one of the leading global B2B cloud platforms with 2019 revenue of $3.5bn. Earlier this year, FlyForm achieved ServiceNow Elite Partner status, the highest ranking level for a UK-based partner. As ServiceNow targets global revenue of $10bn, FlyForm remains committed to bringing the cloud software platform and its ground-breaking technological innovations to more organisations around the world.
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