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St Neots-Based IT Firm Riverlite to Relocate to Larger Headquarters Following Funding from Santander

St Neots-based Riverlite Ltd, a fast-growing specialist IT firm and leading provider of Cloud-based solutions to UK businesses, is to move to new headquarters in St Neots to cater for strong demand for its services following £320,000 in funding from Santander Corporate & Commercial.

St Neots-based Riverlite Ltd, is to move to new headquarters to cater for strong demand for its services following £320,000 in funding from Santander Corporate & Commercial.

Established in 2008 by Paul Oggelsby to deliver high quality IT services to UK organisations either on-premise or through the Riverlite vCloud, the firm has benefitted from the significant growth in demand for cloud computing solutions. Over the past six years Riverlite has grown to become the IT partner-of-choice for a range of UK organisations in sectors such as housing associations, retail, defence and legal.

Despite being a relatively small business, Riverlite recently sponsored the Caterham Formula 1 Team at the final F1 showdown at Abu Dhabi in November last year. The deal saw the firm’s brand broadcast to an estimated global audience of 500 million people.

To cater for demand and better align the business for growth, Riverlite continually hires new staff and has now purchased new premises, having rented to date. The firm currently operates with twelve full-time staff – two in sales and 10 on the technical support and delivery team – while the funding from Santander Corporate & Commercial was used to purchase the new space in the business park in St Neots.

Paul Oggelsby, Managing Director, Riverlite Ltd, said: “Riverlite’s dedicated focus on improving the IT performance of our customers by providing high-end IT Managed Services either on-premise or from the Riverlite vCloud has been a great success.  I’m delighted that the firm has become a major competitor in our sector and I’m confident that, with the move to new premises and our highly qualified staff, we will continue to grow.”

Jon Everitt, Relationship Director, Santander Corporate & Commercial, said: “Riverlite is a fast growing, hi-tech young British firm with strong ambitions and as such we’re delighted to support Paul and his team. He has developed a remarkable business and the expansion into the new premises is tangible proof of the firm’s success.”

The information contained in our press releases is intended solely for journalists and should not be used by consumers to make financial decisions.

Notes to editors

For media enquiries regarding Riverlite Ltd please contact Paul Oggelsby on 07904 717 064

For Santander Corporate & Commercial media enquiries, please contact:

Bijal Tanna                    020 7756 4189                   Mobile: 07860 259 217
Andy Smith                   020 7756 4212                   Mobile: 07824 473 338

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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