ISN is pleased to announce a £4.6m investment from Maven Capital Partners. The deal acknowledges the significant progress seen in ISN’s business over the last five years and recognises the opportunity for further growth in ICT provision to the upstream oil and gas sector.
ISN has predominantly served clients who are based in London and operate overseas. However, Maven’s knowledge of the global oil and gas sector, and its extensive contact base, will provide added value and a competitive edge for ISN as it looks to expand into Aberdeen, where Maven has a long track record of oil and gas investment.
David Greenwood, Managing Director at ISN commented “It gives me enormous pleasure to be given the opportunity to enter into a long lasting partnership with Maven Capital Partners. Our association to date has been an extremely positive one and we are certain that together we have all the ingredients to achieve our growth ambitions. This is a significant milestone in the evolution of ISN and we very much look forward to beginning this new chapter in our development.”
Stella Panu, Partner at Maven, said: “Maven Capital Partners is delighted to announce the completion of a strategic investment in London based ISN Solutions Ltd, a specialist IT services provider to the oil and gas sector. The ISN Solutions management led by David Greenwood has been hugely successful in growing the business over the past five years, and we look forward to working with the team to help them meet and exceed their ambitious plans for the future.”
The investment accelerates the ambitious plans ahead for ISN and heralds an exciting next chapter in the future of the business.