Supporting female founder initiatives across the UK & Ireland

Find out more  
← Back to portfolio Porfolio / APSU


IT managed services company

Company overview

APSU delivers IBM solutions, with services covering technical consultancy, managed services, cloud hosting and physical co-location.

BGF invested £7m in APSU in October 2014. This funding helped to accelerate recruitment and drive expansion in the UK and overseas, increasing revenue and strengthening APSU’s relationship with IBM through the introduction of non-executive chair Bernie Waldron.

The UK business of APSU was acquired by CSI Group in November 2015, providing new funding for its US business and enabling the founder to pursue growth in the US market.


BGF’s funding allowed us to accelerate growth, strengthen​ our team, broaden the product and service offerings​
and most importantly to expand our international presence.

Steve Morris​, founder

Company information

Head office
  • Cirencester
Founder & CEO
  • Steve Morris
  • Bernie Waldron
BGF office
Investment date
  • Oct 2014 - Nov 2016
Total BGF investment
  • £7 million