British Cloud Provider UKCloud Receives Major Investment
March 20, 2019
British cloud provider UKCloud Ltd. (UKCloud) has received a major investment that will enable it to employ more people and strengthen its position in the United Kingdom’s public sector cloud computing arena. Established in 1999, the managed hosting, cloud and colocation specialist has headquarters in Farnborough, Hampshire alongside a corporate office in Hartham Park, Corsham, Wiltshire, United Kingdom. It has received £25 million ($33.14 million) from investment firm Digital Alpha Advisors (Digital Alpha).
Digital Alpha has headquarters in Nevada, Texas, United States and is supported by San Jose, California-based hardware, software, and services provider Cisco Inc. (Cisco). The company has “a strategic collaboration agreement” with Cisco which gives it “preferred access to Cisco’s pipeline of commercial opportunities requiring equity financing”. Its investment will support the significant growth UKCloud has experienced over recent years. This growth was based on it successfully leveraging the G-Cloud government procurement framework. The framework offers access to pre-selected cloud providers authorized to offer services to government bodies in the United Kingdom.
“The investment from Digital Alpha demonstrates their confidence in our differentiated business model and gives us tremendous potential to scale, accelerate our growth in the UK public sector saving taxpayer money and driving better insights for decades to come,” explained UKCloud’s CEO Simon Hansford. “Importantly our alignment with Cisco is a force multiplier, enabling our product development and helping us further differentiate from our competitors enabling us to accelerate our investment in sales, marketing, customer experience and new markets.”
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