ITC Service, a managed IT services provider in the North East, has secured a £7 million investment from BGF, a prominent growth capital investor.
- Founded in 2016, ITC Service supports over 400 small and medium-sized enterprises (SMEs) with critical IT solutions.
- The funding will drive ITC’s growth through additional acquisitions and organic development.
- Co-founder Christopher Potts sees the investment as key to continuing ITC’s regional support and expansion.
- BGF Investor John Healey commends the company’s successful client-oriented approach to business.
ITC Service, an established provider of managed IT services in the North East, has announced a significant financial milestone. The company has secured a £7 million investment from BGF, one of the UK’s leading growth capital investors. This development is a pivotal moment for ITC Service as it aims to enhance its impact on the region’s business sector.
Founded in 2016 by Christopher Potts and Peter Anderson, the company has built a strong reputation, offering comprehensive IT services to over 400 SMEs throughout the North East. These services include managed IT support, cyber security, Microsoft 365 cloud services, communication solutions, and digital transformation consulting. The trust and reliance placed on ITC Service by its clients underline its role as a cornerstone for technological support in the region.
With the new investment, ITC Service plans to scale its operations. The strategy involves organic growth and acquiring firms offering complementary services in nearby areas. This approach aligns with its ambition to broaden its service reach and strengthen its position in the market. Co-founder Christopher Potts emphasized the strategic importance of the investment, expressing his enthusiasm for the future prospects it opens for the company and its clients.
“Over the last 18 years, we have built a highly successful, respected business that has developed a strong and valued client base,” Potts stated. “With an excellent track record of backing exciting and dynamic businesses in the North East, we are confident BGF is the right choice, and we’re delighted to have the team onboard.” This partnership highlights ITC’s commitment to maintaining a high level of service and supporting regional development.
John Healey, an investor with BGF who led the deal, also shared his perspective on ITC Service’s achievements and potential. He noted, “ITC is a real success story in the North East, where it has a long-established track record of delivering exceptional client outcomes. With an appetite to accelerate growth, through a leading service offering combined with a client-focused approach, ITC is well positioned to expand its footprint in the regional market.” Healey’s remarks emphasize the confidence that BGF has in ITC’s growth strategy and future.
This strategic investment not only reflects ITC Service’s current success but also its forward-thinking mindset in advancing technological support for businesses within the region. The collaboration with BGF marks a new chapter of growth and opportunity, reinforcing ITC’s role as a leader in managed IT services.
ITC Service’s strategic partnership with BGF sets the stage for continued regional influence and growth in the managed IT services sector.
