Skyscape Cloud Services has secured a £4m minority stake investment from BGF (Business Growth Fund) to accelerate its growth in the UK public sector market.
Phil Dawson, Chief Executive Officer, Skyscape Cloud Services stated: “BGF is the ideal investment partner to support the on-going growth of our market-leading, assured cloud infrastructure business, singularly dedicated to helping UK government achieve their digital agenda; delivering better, user-centric public services through more affordable and agile IT.
Focussed mainly on central government departments, supporting more than 70 projects, across 38 customer organisations engaging through over 100 partners, Skyscape will use the investment to enhance the capacity, scale and performance of our platform, extend our customer and partner care programmes, improve our SLAs and develop our Platform-as-a-Service proposition. Recognising the increasing awareness of the benefits of cloud services, Skyscape will also utilise the investment to accelerate our offering into healthcare, local government and research/higher education.”
Stephen Allott, The Government’s Crown Representative for Small and Medium Enterprises said: “The Government’s IT strategy and the G-Cloud framework have been helping to provide increased access to SMEs, enabling them to compete for more government contracts. SMEs have won 60% of the business by value placed through the G-Cloud. Sales have now passed the £154m mark. This investment is a great example of government’s procurement reforms in action.”
Skyscape has achieved considerable success to date, winning a number of high-profile contracts directly with public sector organisations, including the Cabinet Office, Home Office, HMRC and MOD. Indirectly, via partners, Skyscape supports infrastructure hosting a large number of other central government departments, and a growing number of local authorities and independent government organisations.
The investment was managed for BGF by James Austin, Greg Norman and Edwin Davies.