TXP appoints Nick Southwell to drive ambitious growth plans

TXP has appointed Nick Southwell as its new Group Chief Finance Officer to support the company's ongoing growth and acquisition strategy.

TXP, which specialises in technology consulting, development, and resourcing, stated that Southwell brings significant experience in private equity and mergers and acquisitions, having held similar senior finance roles at firms such as Activpayroll and Evaluate.

Southwell most recently served as CFO at Activpayroll, a global payroll and mobility specialist backed by Tenzing. During his four-year tenure, he helped the company deliver substantial increases in both sales and EBITDA. His prior experience includes senior finance roles at Evaluate, a data analysis provider for the pharmaceutical sector, and Valueworks, a platform aimed at reducing housing maintenance costs. Southwell has also acted as a board adviser for a number of technology start-ups.

TXP has a unique proposition for the UK mid-market, so I look forward to using my experience to help drive the company's next stage of growth. It's an organisation built on excellence, and I look forward to contributing to its continued success.

TXP is backed by private equity firm Aliter Capital and seeks to provide digital transformation for mid-market organisations. The offering includes IT consultancy, technology development, and people resourcing to meet requirements for modernisation, cloud, data and AI capabilities. The company recently announced plans to double its workforce within the next three years, combining organic growth with strategic acquisitions.

One aspect of TXP's current growth plan is a buy-and-build strategy, highlighted by TXP's recent acquisition of Gen modernisation specialist Metatech. This acquisition took place in May, and is one of a number of steps taken by the company as it seeks to expand its scale and capabilities in the market.

John Antunes, CEO at TXP, commented on the appointment:

Nick has an outstanding background, so we are delighted to welcome him to TXP. We're confident his considerable experience will add great value to the board and enable us to accelerate the growth of the business.

Based in the West Midlands, TXP provides a range of digital transformation services across both public and private sector clients. These include legacy modernisation, bespoke software development, and IT resource augmentation. Clients are primarily from a diversified blue-chip base, spanning various industry sectors.

Aliter Capital, TXP's financial backer, has a focus on the UK support services sector, a segment valued at over GBP £300 billion. The investment strategy at Aliter involves a selective approach to portfolio companies, aiming to provide more direct support and facilitating strategic growth for its investees. In recent years, Aliter has made significant investments in companies servicing the information and communications technology sector.

TXP's plan to double its headcount over the next three years is aligned with Aliter's ongoing investment approach. The company's recent acquisitions, along with the recruitment of Southwell to the CFO role, illustrate the intent to build both management and operational scale as it pursues expansion in the UK market.

Southwell's breadth of experience within growing and restructuring finance functions at both established and start-up enterprises is seen by TXP as an asset for steering its financial strategy through upcoming stages of growth and acquisition.