Professional Services

Reading-based SecureCloud+ to fast-track growth following £0.5m in funding

Phone - Managed IT receives 0.5m growth capital loan - SantanderCB

Managed IT Services provider SecureCloud+ has received a £0.5m growth capital loan from Santander Corporate & Commercial, allowing the Reading-based operation to increase its workforce and operations as its revenues increase. The facility is part of the bank's Breakthrough product suite, targeting fast-growth, ambitious businesses. SecureCloud+ generated sales of £2.1m in its first year of trading, which it plans to double by March 2016. The company hopes to win further contracts across the public sector, having already secured a number of government contracts, particularly from within the Ministry of Defence, providing end-to-end managed services at all tiers of the government's IT security classification system. 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.'

Note: News bulletin content has been provided by a third-party and is not the opinion of Santander

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