Six figure boost for growing Teesside IT solutions firm
IT solutions provider razorblue has secured a six figure investment from NPIF – FW Capital Debt Finance following rapid growth.
Managed by FW Capital and part of the Northern Powerhouse Investment Fund (NPIF), the investment follows the company’s expansion into the North West and the acquisition of Cheshire-based J-Media IT Managed Services.
Founded in 2006 by CEO Dan Kitchen from his family home, razorblue now employs 80 staff across offices in Catterick, Wynyard, Leeds, Manchester and London and provides managed IT services to the retail, manufacturing, professional services and hospitality sectors.
Dan Kitchen, razorblue CEO, commented: “This investment will support our growth plans following the acquisition of our new business in the North West.
“Our partnership with FW Capital will help us continue to move our strategy forward in the coming months, and we are very grateful to be working with a partner that understands our business.”
Tees Valley Mayor Ben Houchen has praised the performance of the Catterick-based company, saying: “In the Tees Valley we have a growing reputation for great tech and professional services companies and there’s no better example than razorblue.
“Last year I met Dan and his team, and it was very clear that they had ambitious plans to grow the company. It’s great to see the company growing from strength to strength and benefiting from the funding in the Northern Powerhouse Investment Fund.”
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