08 April 2019
UKCloud has received a £25m cash boost from Cisco Systems-backed Digital Alpha Advisors to support the expansion of teams and technologies behind the multi-cloud platform.
The public sector IT specialist’s technology was created to provide a secure, scalable and cost-effective cloud platform to drive and aid the digital transformation of public services nationwide.
It is also a strategic move for Cisco in the UK, as it will have a new route to market with UKCloud through joint sales and marketing activities.
Simon Hansford, chief executive UKCloud, said the investment from Digital Alpha “demonstrates” its confidence in the former’s differentiated business model and gives it potential to scale, accelerate growth in the UK public sector saving taxpayer money, and drive “better insights” for decades to come.
“Importantly, our alignment with Cisco is a force multiplier, enabling our product development and helping us further differentiate from our competitors, enabling us to accelerate our investment in sales, marketing, customer experience and new markets,” he added.
Digital minister Margot James said: “We are committed to making the UK the best place to start and grow a digital business and I’m delighted to see UKCloud attracting funding from international investors to scale up their operations.
This is another vote of confidence in our talented sector and will help us maintain our reputation as the leading destination in Europe for inward investment.”