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1 April 2023

Hippo expands its Data and Engineering capabilities with The Data Shed Acquisition.


Digital services partner, Hippo, has acquired Leeds-based data consultancy, The Data Shed, widening its offering to the market and enabling the business to deliver meaningful transformation for customers on a bigger scale. 

Hippo has been on a mission to transform the delivery of digital services across the NHS and central government since being founded in 2016.  

Both Hippo and The Data Shed have experienced exceptional double-digit growth in the last year, and demand for their services continues to increase. The coming together of these two businesses creates a nearly 400-strong team and a new alternative to the traditional, legacy systems integrators and digital transformation organisations that have historically dominated this space.      

“The Data Shed has an impressive track record of delivering for clients and has established itself as a real leader in the data field. This acquisition significantly strengthens our data and engineering capabilities, helps us solve wider problems for clients, and The Data Shed’s private sector experience extends our reach. We’re delighted to welcome the team to the Hippo family.” 

Adam Lewis, Co-founder and Chief Executive Officer of Hippo

This acquisition takes Hippo’s headcount close to 400 and revenues in excess of £40m. Its strategy is to scale its engineering and data practices to complement its industry-leading product and design credentials. This will enable it to continue to grow at pace in the NHS and central government, where it has a strong track record for delivering effective digital services, as well as expand further into the private sector, where it has had recent success. Hippo plans to continue its double-digit growth trajectory and hire the best people to grow the business to over 500 employees.

“Hippo and The Data Shed are united in the belief of doing what is right for our clients and adding value every step of the way. Value and good design are at the heart of every project we complete. By bringing the two businesses together, we believe that we have the talent and the experience to disrupt the current market offering, driving meaningful transformation to more clients and ultimately driving better outcomes for citizens and customers everywhere.”  

Ed Thewlis, Co-founder and Chief Commercial Officer of The Data Shed

The transaction was supported by Grant Thornton (finance and tax due diligence), Squire Patton Boggs (legal and legal due diligence), Armstrong (customer due diligence), Vista (insurance due diligence) and The Data Shed advisors KPMG and DWF. NatWest provided funding for the transaction, and legal support was provided to NatWest by Addleshaw Goddard.

About Hippo 

Hippo is a digital services partner focused on solving whole problems for clients, delivering impactful products and services, combining data-based evidence, human-centred design and engineering. Hippo won the Judges’ Leadership Award At The Northern Tech Awards in 2022.

Hippo’s long standing track record of delivering user-centred digital services focussed on outcomes across the NHS, central government and the private sector. In 2019 Hippo acquired Data Analytics firm Converging Data to enhance its Data Analytics and Cyber Security capabilities, around which it has built an engineering practice of nearly 100 people. 

More recently, it has been delivering customer-focused digital services that increase customer lifetime value for private sector organisations. Hippo has established a solid track record of delivering effective digital solutions to clients, including the NHS, DfE, DWP, GDS, Home Office and MoJ.

Founded in 2016, it is headquartered in Leeds, with offices in Manchester, London, Bristol, and Birmingham now has close to 400 staff, including the newly acquired The Data Shed. In April 2021, it received investment from a private equity firm, Growth Capital Partners (GCP), to support the next phase of growth. 

Media Contact

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About The Data Shed

The Data Shed is an award-winning consultancy specialising in data integration and analytical projects. Focused on driving value and operational excellence, they create technical solutions which empower clients to make better-informed decisions.

The Data Shed’s mission is to create useful data tools that help organisations harness the value and reduce the risk held in their data asset, regardless of size or technical capability. It specialises in record linkage and matching theory to provide trustworthy data foundations so clients can make informed and better decisions, conferring instant business improvements.

One of Yorkshire’s fastest-growing tech firms, The Data Shed, has achieved widespread industry recognition from the likes of GP Bullhound, Computing Digital Technology Leaders, The BusinessDesk and Women in IT, among others and has offices in Leeds and Edinburgh.

Founded by Anna Sutton and Ed Thewlis in Leeds in 2013, The Data Shed has grown to 70 employees. Clients include NHS Digital, Equifax, Emerald Publishing, GAMSTOP and Ecology Building Society. 

Media Contact

E: [email protected]

T: 07789 845799