Wire Communication Consultancy Group secures major investment from leading private equity investment fund

Monday, 27 May 2024 02:36 - - {{hitsCtrl.values.hits}}

Wire Communication Consultancy Holdings Board Directors Ashan Kumar, Krishna Kathiresan, and Non–Executive Director Krishanthi Dhayalan

Local communication specialist group, Wire Communication Consultancy Holdings (Wire Group) has received a significant investment from a leading private investment fund, led by K.P.R.B. De Silva.

The investment, which is undisclosed, underscores the confidence in Wire Group’s capabilities and positions the consultancy firm to expand its operations within the rapidly evolving communications industry.

In a strategic move aimed at consolidating its specialised services, Wire Communication Consultancy Holdings, has acquired a majority shareholding in PR Wire, Media Wire, and Digital Wire.

Wire Communication Consultancy Holdings Founder and Chairperson Ashan Kumar said: “This infusion empowers WCCG to seize new opportunities, solidify our offerings in strategic communication consultancy, and accelerate our growth.

It enables us to enhance our network, continue delivering exceptional services to our clients, staying true to our purpose of Believing and Changing Lives.”

The investment enables Wire Communication Consultancy Group to scale operations and skills, enhance technological infrastructure, and expand its global reach, while solidifying its specialised service offerings.

Group’s Chief Advisory Dr. Nirmal de Silva said: “Undoubtedly, the narrative of Wire Communication Consultancy Group exemplifies perseverance in entrepreneurship, transcending Sri Lanka’s brand on a global scale, uniquely in the Communications space.”

“Their distinctive business model, proven track record, coupled with a purpose-driven skilled team, closely resonated with the investment philosophy. We anticipate witnessing truly impactful, world-class transformations that will bolster their journey towards even greater heights, furthering the true entrepreneurial journey of a truly Sri Lankan idea and effort reaching the globe and impacting the world,” de Silva added.

Ashan Kumar and Krishna Kathireson join the board as Directors, with Krishanthi Dhayalan as Non-Executive Director, reinforcing Wire Communication Consultancy Group’s diversified strategic direction. LexAG acted as the counsel.

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