Reading-based SecureCloud+, an innovative, fast-growing provider of Managed IT Services to customers with demanding security requirements, is set to boost its workforce and expand its service portfolio having secured £0.5 million growth capital loan from Santander Corporate & Commercial.
Established in 2014, SecureCloud+ generated sales of £2.1 million in its first year of trading, which it plans to double by March 2016. The business has already secured a number of government contracts, providing end-to-end managed services at all tiers of the government’s IT security classification system. To date, the main clients have been from within the Ministry of Defence (MOD) and the company is now planning to deliver similar service offerings into the broader Public Sector.
The funding from Santander Corporate & Commercial will enable SecureCloud+ to grow its workforce and operations as its revenues increase. The business will also be able to broaden its customer base, expanding its range of services whilst developing strategic alliances with technology and delivery partners.
Pete Williamson Founding Director, SecureCloud+ Ltd, said: “Since our incorporation sales have grown exponentially and the funding package from Santander Corporate & Commercial will help us to continue growing to meet customer demand. The future for SecureCloud+ is extremely positive in terms of innovation, solution development, customer services and our reputation in the marketplace.”
Diane Fairbairn, Relationship Director, Santander Corporate & Commercial, said: “SecureCloud+ has enjoyed a tremendous amount of growth since its incorporation and we are pleased to be partnering with such an exceptional, dynamic and well-managed company. We anticipate the business will be the one to watch in the ICT sector over the coming years.”
Santander Corporate & Commercial’s growth capital loans are available to businesses with annual turnover of up to £50 million which have a demonstrated history of high year-on-year growth in turnover, profit or employment. The facility is part of the bank’s Breakthrough product suite, which is aimed at fast-growth, ambitious businesses.
The information contained in this press release is intended solely for journalists and should not be used by consumers to make financial decisions.
Notes to editors
For SecureCloud+ Ltd media enquiries, please contact Claire Spencer 07710394369.
For Santander Corporate & Commercial media enquiries, please contact:
Bijal Tanna 020 7756 4189 Mobile: 07860 259 217
Jonathan Akerman 020 7756 4190 Mobile: 07850 640 770
The Santander Corporate & Commercial press office operates from 8.00am to 6.00pm. Outside of these hours please call 0800 5877708.
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