Project Red is an independent technology consultancy specialising in fractional CIO/CTO, interim leadership, technology-focused value creation, tech investment strategy, and digital transformation.
Operating at the intersection of people, process, and technology, we serve Private Equity, Family Offices, and Institutional investors, along with their operating assets.
We merge technology with traditional investment strategies to stimulate growth and opportunity, enhance operational efficiency, and create shareholder value.
Although we are sector-agnostic, we possess deep expertise across digital health, including telehealth / telemedicine, diagnostic imaging and pharmacy.
Core services
Interim leadership — CTO, CIO, COO
Interim leadership and leadership support across CIO, CTO and COO functions and domain areas. Comfortable in times of crisis or when cultural change is needed.
Due diligence and pre-offer/LOI stage
Full buy and sell side due diligence and support for pre-offer investigative stages including: technical, organisational and operational reviews, value highlighting strategies, risk mitigation, strategy formulation.
Technology strategy
Development of technology strategy, including operating models, roadmap development, platform development, implementation strategies, commercial planning inc vendor selection and programme development.
Portfolio operating partner
Support for individual operating assets and their needs and where the investor requires direct support for the operating management team.
Post merger integration
Development of PMI strategies across technology and operations, including assessment, integration planning, team and role structuring, and performance monitoring.
Associated services
Project Red maintain a diverse ecosystem of hand-selected expert delivery partners in the following areas:
Quality Assurance strategy and implementation
Product development and engineering: from apps to platforms
Microsoft Dynamics 365 Business Central: design, build and manage
Infrastructure architecture and design, engineering, and services management
Audit, Compliance and Certification (ISO27001)
Security operations centre
Network operations centre
White glove 24x7 service desk for HNW
About Derek
Derek Colvin is Principal of
For the past 10 years, he’s been the Group CTO for MARCOL, a London-based family office investor, where he was a key member of the team building MARCOL’s healthcare portfolio from a standing start to > £1bn of holdings.
Trusted by the Cole and Steinberg families to play a key role bridging the investor/operator relationship, and bringing high levels of integrity and candour, he’s held interim operating positions including:
Group CTO, Atida
Europe’s 2nd largest privately held ePharmacy with 4m customers
Group CTO, medneo
Cutting edge Diagnostic Imaging (MRI/CT) platform
CTO, Goodshape
Employee health and wellness with a focus on absence
CEO, Alltime Technologies
Managed services provider
CEO, Openrad
Diagnostic Imaging SaaS provider
Derek combines an upbeat and cordial demeanour with strong written and oral communications, and an inquisitive mindset. With an extensive professional network, he is a natural relationship builder who excels at building collaboration between diverse groups and interests.
Originally from Scotland, and having lived in London for 25 years, Derek is based in Abu Dhabi with his wife and two children.
