Cloud service provider secures £10m BGF investment

Jan 4, 2017 · bdaily.co.uk

Screen shot 2017 01 04 at 06.52.42

Hotly tipped London-based cloud and connectivity service provider, Virtual1, has secured a £10m investment from the British Growth Fund (BGF).

The firm, which delivers cloud and connectivity services to the wholesale market, has featured in the Sunday Times Tech Track 100 for the last three years and is currently generating revenues of around £18m a year.

Founded in 2007 by Tom O’Hagan, the business has built up its own London-based network which it combines with networks of other carriers to provide a single, scalable cloud platform.

According to the company, the funding will be used to invest in additional network infrastructure and fuel its long-term growth plans.

Tom O’Hagan said: "The funding provided by BGF allows us to accelerate our expansion strategy whilst retaining control of the business.

"We are excited about embarking on the next phase of growth to further cement Virtual1’s position as a leading wholesale provider."

Read Complete Article

Ibm®Bluemix

There's a New Way to Work. It's Made with IBM Cloud.

Build your apps your way.
Start with a free Bluemix trial.

Get Started

developerWorks®
Premium

Exclusive tools to build
your next great app.

Learn More

RT @SiliconDrinkabt: Oh my! What a drinkabout we have tonight @shoreditchgrind! Come join us alongside @AndreaBonac from @HiredGrad at 6pm!…

Ahead of #Article50 I’ll also be making the case in both cities that #LondonIsOpen to business, talent & ideas. https://t.co/c75ZM1uNBc

Download new #LeadersIn Tech Summit brochure to see the full agenda and impressive speaker line up!… https://t.co/L6fwh5QzOX

Ripple: Fashion that senses when people fancy you https://t.co/YtfmOtZDFw #Fashion #Love #Dating #FashionTech… https://t.co/9Wtqls7IzS

34% of households are very interested in the latest technology and gadgets and want them before everybody else https://t.co/QvSlHw3Ffy

Tech.London Weekly

×