Hybrid has made its second acquisition following private equity backing from LDC in 2021.
Hybrid, a leader in education media and marketing services, has acquired digital development agency Crisp Digital.
Headquartered in Marlow, Buckinghamshire, Crisp is an AI-led, full-stack development, hosting and maintenance agency. It was founded by Matthew Crisp, who brings over 13 years鈥� experience of helping businesses to design, build and develop unique digital solutions that drive revenue, attract new customers and increase market share.
Crisp takes on the role of director of technology at Bristol-headquartered Hybrid, joining the business alongside his team of specialist developers in the UK and Nepal.聽
This is Hybrid鈥檚 second acquisition since it secured a 拢13m investment from private equity partner LDC in June 2021, following that of Prompt Marketing in June 2023.聽
Led by CEO Chris Cammann, Hybrid offers bespoke services to education clients in offices across four continents. Its expansion strategy has seen it launch its first US office in Philadelphia, in addition to widening its UK and APAC teams.
For the year ending 31 December 2023, Hybrid recorded revenues of 拢25 million, up from 拢17m in 2022, and grew its headcount by 26% to over 150 people globally.
鈥淢atthew has built an incredible team at Crisp Digital and the expertise they bring to Hybrid will enable us to really enhance the services we provide to clients,鈥� said Cammann. 鈥淭his includes developing our AI strategy to better understand student behaviour and preferences and using this insight to drive campaign activity.聽
鈥淲e鈥檙e able to support our higher education clients as they face new sector challenges with data, ample resources and effective analysis of the marketing. It is a tremendous next step to have them on board.鈥�
Oliver Schofield, investment director at LDC, said: 鈥淭he acquisition of Crisp Digital marks an important milestone for Hybrid as it further bolsters its team and expands its offering for clients, from digital marketing to data insights and creative work.聽
鈥淗igher education institutions are continuing to look for new ways to attract students and drive growth, and since we partnered with Hybrid in 2021, we have supported them in growing their range of services through two acquisitions, as well as expanding their geographical footprint into the US market.聽
鈥淲e look forward to supporting Chris and the team as they continue their growth journey.鈥�
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