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Wednesday 10 October 2018

Helecloud gains a £2m boost from BGF

logoOne of the most important conclusions in our recent Financial Services SITS Market Trends and Forecast report was that the move to Cloud Services is accelerating. Public Cloud is particularly gaining momentum.

These trends are creating fertile ground for specialist cloud services consultancies and managed services providers who can bring both expertise and experience to resource-constrained purchasers. One such company is HeleCloud, based in Maidenhead and Sofia and now employing over 50 people to realise the cloud vision for companies by delivering Amazon Web Services technology and capabilities. HeleCloud has been active in the Financial Services sector, completing contracts with Zopa and NEX, as well as with secure communications platform provider Viber.

2-year-old HeleCloud has now received a £2m minority investment from BGF (Business Growth Fund) to enable it to accelerate its growth strategy of expanding its portfolio and extending its European presence. HeleCloud, led by ex-AWS Regional CTO Dob Todorov, will also strengthen its board with the appointment of Duncan McIntyre, as Chairman and adding Alex Snodgrass of BGF as a Director. McIntyre had previously been Morse CEO and Chairman of Monitise.

With many companies eagerly exploring the opportunities presented by public cloud, HeleCloud has a long list of opportunities. The injection of capital from BGF should help build scale and momentum as customers look to engage this dynamic business in bigger and more complex projects.

Posted by Peter Roe at '07:31' - Tagged: cloud   funding   PublicCloud  

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