Olive Communications secures BGF funding package
Olive Communications, the UK’s fastest growing business communications provider, has secured a £15.25m funding package to further scale up its operations. BGF invested £10m growth capital while Barclays provided £5.25m in new debt facilities.
Headquartered in High Wycombe, Olive provides unified communications solutions which help corporate and small and mid-sized organisations in Britain to improve the way they run their IT infrastructure across voice, data, applications and mobile devices.
As a result of significant growth, Olive featured in the Sunday Times Tech Track for three consecutive years, and has emerged as a leader in the growing market for unified communications solutions.
Olive is strategically partnered to the UK’s major network operators, carriers, IT vendors and infrastructure providers. In addition to being awarded Vodafone Platinum Partner of the Year 2015, it holds long-standing partnerships with Microsoft, Mitel, Virtual 1 and others. The business consolidates and manages these networks and services for more than 7,000 businesses across the UK, providing customers with a single, unified IT & communications infrastructure which delivers cost efficiencies and improves workforce accountability, security and flexible working.
Olive was founded in 2003 by Mark Geraghty and Rob Saffman, who appointed Martin Flick as CEO at the start of 2013.
The new £15.25m funding package is being used to expand its customer base and further develop the range of services available to existing clients. The business also plans to grow its 150 strong team with appointments across its three sites High Wycombe, Hatfield and Towcester. Roger Flynn will remain in post providing ongoing support and guidance to this growth strategy as non-executive chairman and Olive has recently appointed Vim Vithaldas as non-executive director to help with operational planning, growth development and M&A activities.
Business funding news
BGF expands team with new hire in the North West
BGF has appointed Josh Bean as an investor in its North West team. Josh joins from investment bank Zeus Capital,…
The Times launches The Times Enterprise Network to support and inspire its SME audience
The Times and The Sunday Times today launches The Times Enterprise Network, a new cross-platform network to advise, inspire and…