The privately-owned, leading UK cloud service provider will use the seven figure funds to offer additional products and services, to new and existing clients, whilst also supporting its growth plans via acquisition. Having recently experienced significant scale and increased demand for its cloud services, Atech will continue to lead the way in technology and innovation.
Atech is a specialist in managed services and security, with a particular focus on digital transformation and global support for mid-level enterprises. Through its quality of project delivery and on-going support, the company has grown to become a direct tier-one Microsoft cloud service provider (CSP). This significant milestone has also led to the business receiving several additional industry and security accreditations.
The alternative lender BOOST&Co chose to work with Atech because its team successfully developed and implemented a strong technical focus to transform the business. Because the company has shown rapid growth swiftly, it required a lender that understood the uniqueness of the market in which it operates.
BOOST&Co is a leading provider of growth capital for innovative, fast-growing UK SMEs. It offers loans ranging from £1m to £10m, covering a wide range of sectors, with a strong track record in technology, media and telecommunications (TMT). It has funded more than £500m across more than 130 deals to date and provided close to £200m under the government’s CBILS initiative to support SMEs during Covid-19.
Tim George, co-founder of Atech, says: “We think 5 years out, act with agility and are comfortable with challenging the status quo, so with the highly specialised services we provide, it became clear that we needed to work with a specialist when it came to financing our growth plans, making BOOST&Co the ideal lender.”
Ryan Langley, Atech’s chief executive officer, says: “Having been early adopters and leading in cloud since 2015, we have evolved from an award-winning managed service provider, to a multi-accredited cloud service provider. In the past 18 months, the pandemic has accelerated cloud adoption and heightened requirements, so we have adapted to existing and new clients’ needs and the increased demand for expertise.
“We are now in the unique position of expanding our deep vertical skills and boosting our 24/7 global offering with complementary services from organic and acquisition-led growth. We are excited about the next chapter in our development and our partnership with BOOST&Co.”
Kim Martin, head of the south and Midlands at BOOST&Co, says: “It has been great to work with Atech’s impressive team to arrange a loan that will enable them to pursue their growth ambitions and develop their offering. The firm operates in a unique sector, so we are excited about seeing what their forthcoming acquisitions will enable them to achieve.”
For more information about BOOST&Co, visit boostandco.com
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BOOST&Co is a leading provider of growth capital for innovative, fast-growing UK SMEs. The independent asset manager, which offers loans of £2m to £10m, covers all sectors, with a strong track record in TMT (technology, media and telecommunications).
The lender has offices in London, Manchester, Bristol, Cambridge and Cape Town, with additional dealmakers in Birmingham, Reading and Leeds. It manages funds on behalf of large institutional investors, including insurance companies and pension funds.