MonacoSol, a Manchester, UK-based non-public fairness agency, has taken a majority stake in virtualDCS, a Leeds, UK-based cloud internet hosting firm.
The quantity of the deal was not disclosed.
The acquisition will allow virtualDCS to accommodate a staff according to its enlargement technique. Following the deal, the corporate has moved its headquarters from The Waterscape in Kirkstall to bigger places of work at Wellington Place, a contemporary improvement in Leeds metropolis centre.
Based by Richard Could, John Murray and Dan Nichols, virtualIDCS delivers a variety of cloud providers, together with a bunch of Software program-as-a-Service (SaaS) merchandise which allow firms to guard their information and improve their cyber resilience and safety. Its clients span sectors starting from retailing, native authorities, hospitality, meals wholesaling, healthcare, IT help and gasoline provides to analysis outfits {and professional} our bodies. Shoppers embrace B&M Retail, The Rix Group and its various portfolio of companies, and Achilles, a provide chain threat administration software program supplier.
The enterprise, which was based in 2008 and turns over £2.8m, works straight with clients in addition to by a wide range of channel companions, together with Phoenix Software program, CCS Media and Vapour Cloud.
virtualIDCS presently has 22 employees, together with builders, system analysts, community engineers and cyber safety specialists, and expects its workforce to develop by round a dozen over the subsequent 12 months backed by MonacoSol’s funding, with recruitment plans centered on increasing its industrial and technical groups.
MonacoSol is the household workplace of expertise and software program entrepreneur Richard Beaton, who’s its chairman. His sons Ollie and Eddie are its chief govt and chief monetary officer respectively.
FinSMEs
24/03/2025
