It’s business as usual at Red Commerce following its management-backed buyout, according to chief executive Richard Vercesi.

Last week, Red Commerce finalised the buyout, from previous owners Inflexion, supported by private equity firm Dunedin for £44m.

Vercesi says this is a secondary management buyout and still under private equity backing.

“It is very much business as usual; there are no changes to the day-to-day running of Red, with the current management structure remaining in place.

“In the short term, we will continue our investment in Europe where we have just opened offices in Munich and Zurich. We will also invest in the Americas where we recently opened an operation in Curitiba, Brazil, and are looking at establishing an operation in the US before the end of the year.

“In the longer term we will be assessing all opportunities in the other BRIC countries and elsewhere in Asia Pac, where we are seeing an increasing demand from our clients in these regions.”