West Yorkshire cloud tech firm secures £1m investment to boost national expansion
Vapour Cloud, the West Yorkshire cloud technology provider, has received a £1m investment to support its national expansion.
The investment from Seneca Partners will see the tech firm inject further capital into the continued innovation of its bespoke cloud solutions.
The investment will also help boost the team’s headcount by 20%, with new roles across the sales, marketing, implementation and support functions.
Established in 2013 by CEO Tim Mercer, financial director Jason Sharp and cloud director Steve Dempsey, Vapour has now attracted £4m investment in total, including a £750k sum from Seneca back in 2016.
The 31-strong team is aiming to hit the £6m turnover mark by the end of 2018, with the goal being to double that revenue by 2020.
Having already relocated to its new 4,500 sq ft headquarters at Lowfields Business Park in Elland, Vapour has established a secure integrated network operation to support its base of channel partners and end customers.
Tim commented: “The past four years have seen us cement our presence as a true cloud technology specialist. Rather than diversifying like many tech companies do, and risk fragmenting our offering, we’ve remained focused on three things – secure network connectivity, voice communications and storage.
“Thanks to our own secure platform and evolving solutions which bring voice and data together, we’re now the trusted cloud tech partner for organisations ranging from local SMEs through to the UK’s leading resellers and their blue-chip brands.
“Our projects are becoming increasingly bespoke, but it’s because people are realising the sky’s the limits when it comes to advanced cloud solutions.”
Richard Manley, managing partner at Seneca, added: “We’ve seen Vapour’s transition from a budding start-up venture to a key player in the attractive cloud space. The capabilities of their platform are superb, which enables them to deliver future-proofed and secure solutions to businesses throughout the UK.
“Their true specialism in this field sees them achieve enviable results for clients. This is therefore a very exciting time for them, in which we hope the investment will fuel the next chapter of their nationwide expansion.”
Vapour Cloud provides an array of secure cloud-based services including network connectivity, hosted servers, varied voice and data communications solutions, as well as storage, backup and replication services.
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