Investment News | 14 April 2021
IT firm chooses Derby for new global HQ
Around 100 highly skilled IT professionals are set to move to Derby following a firm’s decision to create its global headquarters in the city centre.
Bam Boom Cloud, formerly known as Cooper Parry IT, is to move from offices near East Midlands Airport to a 6,500 sq ft property in the Wardwick.
The move has been made possible thanks to a close collaboration between Derby City Council, Marketing Derby and the building’s owner Staton Young.
Paul Simpson, the council’s chief executive, said Bam Boom Cloud’s decision was a major endorsement of the city’s coronavirus economic recovery strategy and, in particular, efforts to attract more high-value employment into the city centre.
He said: “It’s hugely symbolic that a growing technology business like Bam Boom Cloud has chosen to base its global headquarters in the city centre. It’s exactly the kind of high-value investment that we are trying to attract.”
John Forkin, managing director of Marketing Derby, said: “Bam Boom Cloud is a talented team of market-leading innovators and we are really delighted to welcome them into the city centre.
“It's an important vote of confidence for a city building back differently and a clear signal for others to join us in place-shaping a new Derby.”
Bam Boom Cloud was created after the management team at Cooper Parry IT completed the purchase of the business in February.
After Brett and Vicky Critchley sealed the deal for the remaining 50% of shares to become full owners, they revealed the new name and company branding, as well as plans for further global expansion.
The firm has operations in the US, Canada, India and Ireland and is looking for further growth in Germany and the UAE.
In Derby, Bam Boom Cloud has taken premises formerly occupied by Native State.
It has signed a five-year lease on a three-storey Grade 2-listed building and has drawn up plans for a new internal layout – including the creation of a staff bar and computer games area.
Staff are due to start moving in this summer – using the office for meetings and creative sessions, while also working from home.
Bam Boom Cloud chief executive Vicky Critchley said the move comes as the firm enters an ambitious phase of growth, targeting a trebling of its £9 million turnover during the next three years.
It has already established a reputation as a leading supplier of cloud-based technology solutions to small and mid-sized businesses and has been recognised by Microsoft for global excellence.
Vicky said: “We are excited by Derby’s plans to rejuvenate its city centre, including the Becketwell development, with its performance venue, apartments, hotel and public square, close to our new home in the Wardwick. It’s an exciting time for us to make the move.
“We also think we will be good for Derby’s future and for the economy of the city centre.
“We are already a global technology business and we have ambitious plans for further growth and to recruit more staff.”
Vicky and Brett paid tribute to Marketing Derby, who assisted the relocation effort, and to Derby City Council, which provided grant funding to assist with fit-out costs of the new offices.
Mr Forkin said: “The investment is a result of an intense collaboration between ourselves, Derby City Council and Staton Young and, as well as attracting almost 100 jobs, has the added bonus of refurbishing a beautiful building laid empty for many years.”
Mr Simpson “These knowledge-based businesses offer great employment opportunities and will help us attract and retain talent.
“They have been resilient during the pandemic and, traditionally, have been under-represented in the city centre.
“We look forward to watching Bam Boom Cloud’s continued success in its new home.”
Marc Brough, managing director of property group Staton Young, has already invested heavily in Derby, creating a number of high-quality serviced business centres, including Cubo in Victoria Street.
He is also redeveloping the former Inland Revenue offices in Agard Street as student accommodation and has acquired the city’s Post House, which will become a bar and apartments.
He bought the Wardwick building, where Bam Boom Cloud will be based, six months ago and is delighted to be able to bring it back to life after years of disuse.
He said: “This development will bring more businesspeople into the heart of the city centre, creating vibrancy and increased confidence. It’s fantastic for the city.”