“Investment from the globally renowned Frasers Group presents a significant milestone for XCM. The achievements of our people thus far have been truly outstanding and this is borne out through all their quality and hard work. At XCM we have high standards and serious ambitions to build a solution that is truly game-changing for our existing and future clients. We have lots more to do as we embark on this next stage of development and we believe Frasers Group are exactly the right investor to help us get there”.
Luke Ibbetson, XCM’s Managing Director
As part of XCM’s exciting product development roadmap we went to market for investment to support our business growth plan, which centres on the ongoing expansion and maturity of our Horizon Customer Data Platform.
As an existing and valued XCM client Frasers Group have experienced ‘first-hand’ the power of Horizon as well as the potency of our people in supporting the delivery of their customer, digital, data and analytical objectives.
Over the course of our two-year, highly collaborative relationship, we have achieved numerous significant objectives and created a solution that continues to deliver and advance.
The strategic vision, business acumen and industry intelligence of XCM and the retail powerhouse of Frasers Group make for a perfect combination and as such we are delighted to announce our joint new venture – Frasers Group becoming a non-controlling and non-operational investor.
XCM will remain as an independent entity and will continue to support and develop our loyal client base whilst also delivering exciting new shared initiatives with the Frasers Group portfolio. Our focus and goal for Horizon is the expansion into untapped areas, new territories and progression into multiple market sectors.
Frasers Group, with their sector-leading ecosystem and impressive network will strongly support the growth, continued development and market positioning of Horizon as we move forward.
Luke Ibbetson, XCM’s Managing Director said: “Investment from the globally renowned Frasers Group presents a significant milestone for XCM. The achievements of our people thus far have been truly outstanding and this is borne out through all their quality and hard work. At XCM we have high standards and serious ambitions to build a solution that is truly game-changing for our existing and future clients. We have lots more to do as we embark on this next stage of development and we believe Frasers Group are exactly the right investor to help us get there”.
David Clark, Frasers Group’s Digital Director, said: “We’re proud to be strengthening our existing relationship with XCM with the investment into their cutting-edge Horizon Customer Data Platform (CDP) as part of our broader digital transformation programme. Driving growth through strategic investment is a core part of Frasers Group’s DNA and we back the business to become a leading player in the analytical CDP market across industries.”