Southern on target for big shot status
Basingstoke-based Southern Communications, a leading supplier of business-to-business telecoms products and services to SMEs, has secured new investment from private equity firm Livingbridge along with a £36m loan facility from Santander and HSBC.
The new funding will support Southern's expansion strategy. The company has grown revenues from £10m to £32m in five years and plans to double revenues within 3-5 years, using the funding to support acquisitions.
Southern Communications has 6,600 business customers and a workforce of 160-plus employees operating from four locations in the UK.
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