Vysiion Group receives £4m in growth capital from BGF
Vysiion Group, a leading UK Communications infrastructure and outsourced IT service provider, has received £4m of growth capital from BGF to support its growth strategy.
The business, formerly known as RFL Communications, used BGF’s funding to acquire Chippenham based IT Solutions 4 Business Limited and Plymouth based Zantra Technology. In doing so it strengthened the management team thereby providing the group with a significantly enhanced capability to deliver IT outsourcing solutions. The combined group employs 90 staff, predominantly in the South West of England.
Chippenham based RFL Communications provides high security communication systems and solutions, primarily to the power industry, ITS delivers IT infrastructure and IT support services, and Zantra provides consultancy and support for SMEs undertaking IT outsourcing projects. The three businesses that comprise Vysiion Group will grow their existing revenue streams but the enlarged group focuses on larger local and central government contracts, a growing market that its combined resources are ideally suited to service.
The group was founded by successful South West entrepreneur Bruce Brain. The Vysiion group’s acquisitions fulfilled Brain’s objective of creating a significant IT services provider that can take advantage of the large and rapidly growing Public and Private sector market for infrastructure and outsourced IT space. Government is proactively looking to award contracts to smaller and medium sized businesses in the UK with a view to driving the economy and obtaining better value for money.
To deliver these initiatives, the G-Cloud system was developed, allowing various public sector departments to search for approved service providers, thus simplifying the procurement process significantly and providing an even playing field for SMEs to compete. Having launched in April 2012, G-Cloud spend has grown significantly with the latest data to November 2014 showing continued monthly growth in spend, with a total £394m spent to date.
Business funding news
BGF appoints two investors to its London and Cambridge teams
BGF has appointed Bethany Shiers and Lucy Edwardes Jones as investors in its teams covering London, Cambridge and the South…
Kagool secures £6m investment from BGF
BGF has invested £6m in Kagool, the industry-leading digital agency and Sitecore specialist, to support its organic and acquisitive growth…