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

RT @earlymetrics: ⏰ @EarlyMetrics partners w/ @ProjectKairosHQ for @LDNTechWeek - get a 40% to exhibit (code: EARLY40) 😀 https://t.co/Cu26O…

RT @MayorofLondon: This was a truly evil act of terrorism, carried out by a coward, in the name of a perverse and twisted ideology. https:/…

RT @TechNative: #LTW: Register for your free pass to attend the flagship @LdnTechWeek event #TechXLR8 here - https://t.co/epjQNeZbbx https:…

Manchester band The Courteeners share a heartfelt poem in response to #Manchesterattack https://t.co/3gvHDpQSpz

Manchester United and Ajax pay tribute to terror attack victims before Europa League final https://t.co/1JJVO5QP1h

Tech.London Weekly

×