1st May, 2019
MyCleverGroup is pleased to announce that it has acquired 100% of the share capital of talent management software developer, Digital Balance.
This is MCG’s second acquisition as it looks to buy and build out its digital and cloud-based platforms, specialising in making it easier for organisations to embrace technology.
Digital Balance currently employs 15 people and specialises in the development of software solutions that help organisations manage and engage with their workforce through a range of cloud based products, from learning management, mentoring, skills and talent solutions, event management, appraisal systems and community sites.
Digital Balance was founded in 2013 and has quickly grown a long list of high profile clients including the likes of L’Oreal, Santander, Talk Talk, Now TV and BT, along with many other well known national and international brands.
MyCleverGroup’s CEO, Gareth Mobley, said, ‘We are really excited to announce this acquisition. As part of MyCleverGroup, Digital Balance is now in an ideal position to expand and offer its learning, talent and development solutions to new clients while maintaining the world class service levels they are noted for to its existing client base. The team, culture, working ethos and track record at Digital Balance are a perfect fit with what we look for at MyCleverGroup’.
Chris Keeling, COO of Digital Balance, commented, ‘We’ve already identified a number of key appointments that we’re looking to make over the next 12 months to help us fulfil our mission of helping organisations to better engage with their employee base through the use of our technology. We’re delighted to be joining the MCG family and see the backing of a well invested group as essential for us to maximise the potential at DB.’
Digital Balance will continue to invest heavily into increasing its proprietary cloud based technologies, building on its well invested foundations and growing its in-house team from 15 people to over 30 in the coming months, further increasing their service offering and capabilities.
Nicky Hoyland, CCO of Digital Balance, explained, ‘We’ve quickly become the ‘go to’ people for organisations looking to digitise engagement with their colleagues. We have well over 1 million users of our systems globally, with the majority of our new business coming from recommendations, which points to our clients and users being really happy with what we do. This next chapter is hugely exciting because it will allow us to invest more in making what we do even better, and will help us to scale up our reach.’
Gareth continued, ‘Day to day, the guys will remain firmly at the helm of Digital Balance to ensure it continues to do great things, but as part of the deal, Nicky and Chris have both become directors and shareholders in MyCleverGroup, and the board is really looking forward to their contribution and working closely with them as we grow. They’ve already demonstrated that they are highly innovative, with a clear focus on delivering exceptional levels of customer service.
‘MyCleverGroup wants to make the use of technology in organisations simple, taking the jargon and pain away. It’s a hugely exciting time to be a part of MCG, and we are very pleased to have the team at Digital Balance on board alongside Harrison Carloss. We recently invested £2m in our HQ on Festival park, and as part of this deal we are investing a further £200,000 to accommodate the DB team later on in the year.’
MCG now has a talent pool of over 40 people, with the majority currently based at our HQ in Stoke, with further offices opened in London and Manchester. By leveraging clever yet simple technology, MCG can help drive top line growth and profitability, whilst enhancing both customer and colleague engagement.