BGF backs high-growth Midlands tech company Utelize Communications

Utelize Communications, a high-growth, enterprise managed mobility specialist, based in Malvern, Worcestershire, has secured a multi-million-pound investment from BGF.

Founded in 2012 by Matt Atkinson and Kevin Steed, the enterprise mobility management (EMM) specialist delivers proprietary technology and differentiated services, to streamline the management of mobile devices and network connectivity for corporate clients.

Utelize has developed an award-winning enterprise eSIM and mobile data management platform, which is enabling IT teams to deliver world-class data connectivity and support to employees, both at home and abroad. It provides real-time global visibility over usage and costs, multi-network quality coverage, and simple deployment.

The funding from BGF will be invested into continued product development, alongside sales and marketing, to further accelerate growth.

Matt Atkinson, CEO of Utelize Communications, said: “With our market-leading mobility management platform and eSIM technology, and a strong reputation for helping customers drive down costs and manage large device fleets, we’ve laid the foundations for future growth in a market that is dramatically and rapidly changing.

“To capitalise on the opportunity in full, we were looking for an investment partner with deep sector experience, a strong value creation offering, and a flexible investment model. BGF fits the bill in every respect, and we’re delighted to be partnering with them.”

David Bellis, Investor at BGF, commented: “Utelize is a differentiated provider that stands out in the highly competitive mobile communications sector, with proprietary technology that underpins exceptional customer service levels and a demonstrable ROI. It’s great to be partnering with Matt and his high-calibre management team. They’re on an impressive growth trajectory and have high aspirations for the future.”

Earlier this year, BGF announced a £3 billion commitment to support high-potential companies across the UK, over the next five years. And £300 million of this has been earmarked for businesses in the Midlands. This builds on the £541 million that BGF has already invested in the region, since 2011. With a presence in Birmingham and Nottingham, BGF plays a vital role in addressing regional investment gaps.