Welcome!

News Feed Item

Cloud Direct Scores August Hat Trick With Extra £1.5m Equity Investment

BATH, England, August 13, 2014 /PRNewswire/ --

  • Cloud Direct secures third piece of financial investment in 2014, with £1.5m in private equity
  • Total outside investment in Cloud Direct this year is now £2.74 million
  • The new investment will help Cloud Direct accelerate sales and marketing, open a London office and acquire a complementary business

A group of reputed tech investors, including Nigel Wray, Rob Giles and Jamie Brooke, has contributed £1.5 million to Bath-based IT services company Cloud Direct. This is the third piece of financial investment the company has secured this year.

     (Photo: http://photos.prnewswire.com/prnh/20140813/701001 )

2014 is the first year Cloud Direct has sought outside funding; the company's total investment now stands at £2.74 million. The private equity investment follows two initial game-changing sums of investment announced earlier this year, which were:

  1. A £240,000 award from the West of England Local Enterprise Partnership (LEP) Going for Growth Fund
  2. A £1 million investment from Santander's Breakthrough programme

After 10 years of continuous profitability and organic self-funding, Brett Raynes, CEO of Cloud Direct, was responsible for securing all three areas of investment. He said: "The confidence shown in Cloud Direct by such an impressive group of business stars is fantastic. We can now really go for it. We're securing a second base in London, and looking to acquire another company to complement our packaged cloud services business."

Investor Nigel Wray, who has extensive experience as an investor and director in both quoted and unquoted companies, currently serves as chairman of Saracens Rugby Club and director of the Global Sports Foundation. He said: "When you invest in a company, you're investing in its people. This year, Brett ran the Marathon des Sables - 156 miles across the shifting Sahara desert in what The Discovery Channel calls 'the toughest footrace on earth'. If Brett's focus and determination is anything to go by, we've made a very solid investment. I'm thrilled."

Brett founded Cloud Direct in 2003, with a vision of replacing old-world IT with simpler, more scalable and secure packaged cloud services.  He wanted to ensure that the smaller business could grow and thrive, by freeing them from the pain and cost of IT.  This was before the term 'cloud' was on the lips of most people.  Today, Cloud Direct has helped 4,000 UK businesses migrate to the cloud.

Brett said: "I love it when a plan comes together. These past few months have been quite something. We've secured this great financing, were made Bath & Bristol Media's 'Employer of the Year', and were shortlisted for the Investors in People 'Employer of the Year'. Good times."

About Cloud Direct: 

Cloud Direct's packaged cloud services provide the antidote to traditional IT. They free business to compete and grow by driving better business continuity, productivity and infrastructure delivery.

Cloud Direct is ISO 27001 accredited and holds Investors in People - gold.

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
When you focus on a journey from up-close, you look at your own technical and cultural history and how you changed it for the benefit of the customer. This was our starting point: too many integration issues, 13 SWP days and very long cycles. It was evident that in this fast-paced industry we could no longer afford this reality. We needed something that would take us beyond reducing the development lifecycles, CI and Agile methodologies. We made a fundamental difference, even changed our culture...
Things are changing so quickly in IoT that it would take a wizard to predict which ecosystem will gain the most traction. In order for IoT to reach its potential, smart devices must be able to work together. Today, there are a slew of interoperability standards being promoted by big names to make this happen: HomeKit, Brillo and Alljoyn. In his session at @ThingsExpo, Adam Justice, vice president and general manager of Grid Connect, will review what happens when smart devices don’t work togethe...
"There's a growing demand from users for things to be faster. When you think about all the transactions or interactions users will have with your product and everything that is between those transactions and interactions - what drives us at Catchpoint Systems is the idea to measure that and to analyze it," explained Leo Vasiliou, Director of Web Performance Engineering at Catchpoint Systems, in this SYS-CON.tv interview at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York Ci...
The 20th International Cloud Expo has announced that its Call for Papers is open. Cloud Expo, to be held June 6-8, 2017, at the Javits Center in New York City, brings together Cloud Computing, Big Data, Internet of Things, DevOps, Containers, Microservices and WebRTC to one location. With cloud computing driving a higher percentage of enterprise IT budgets every year, it becomes increasingly important to plant your flag in this fast-expanding business opportunity. Submit your speaking proposal ...
@DevOpsSummit taking place June 6-8, 2017 at Javits Center, New York City, is co-located with the 20th International Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. @DevOpsSummit at Cloud Expo New York Call for Papers is now open.
SYS-CON Events announced today that Dataloop.IO, an innovator in cloud IT-monitoring whose products help organizations save time and money, has been named “Bronze Sponsor” of SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Dataloop.IO is an emerging software company on the cutting edge of major IT-infrastructure trends including cloud computing and microservices. The company, founded in the UK but now based in San Fran...
20th Cloud Expo, taking place June 6-8, 2017, at the Javits Center in New York City, NY, will feature technical sessions from a rock star conference faculty and the leading industry players in the world. Cloud computing is now being embraced by a majority of enterprises of all sizes. Yesterday's debate about public vs. private has transformed into the reality of hybrid cloud: a recent survey shows that 74% of enterprises have a hybrid cloud strategy.
In the next five to ten years, millions, if not billions of things will become smarter. This smartness goes beyond connected things in our homes like the fridge, thermostat and fancy lighting, and into heavily regulated industries including aerospace, pharmaceutical/medical devices and energy. “Smartness” will embed itself within individual products that are part of our daily lives. We will engage with smart products - learning from them, informing them, and communicating with them. Smart produc...
Internet of @ThingsExpo, taking place June 6-8, 2017 at the Javits Center in New York City, New York, is co-located with the 20th International Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. @ThingsExpo New York Call for Papers is now open.
Providing the needed data for application development and testing is a huge headache for most organizations. The problems are often the same across companies - speed, quality, cost, and control. Provisioning data can take days or weeks, every time a refresh is required. Using dummy data leads to quality problems. Creating physical copies of large data sets and sending them to distributed teams of developers eats up expensive storage and bandwidth resources. And, all of these copies proliferating...
SYS-CON Events announced today that Catchpoint, a leading digital experience intelligence company, has been named “Silver Sponsor” of SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Catchpoint Systems is a leading Digital Performance Analytics company that provides unparalleled insight into your customer-critical services to help you consistently deliver an amazing customer experience. Designed for digital business, C...
More and more brands have jumped on the IoT bandwagon. We have an excess of wearables – activity trackers, smartwatches, smart glasses and sneakers, and more that track seemingly endless datapoints. However, most consumers have no idea what “IoT” means. Creating more wearables that track data shouldn't be the aim of brands; delivering meaningful, tangible relevance to their users should be. We're in a period in which the IoT pendulum is still swinging. Initially, it swung toward "smart for smart...
SYS-CON Events announced today that Catchpoint Systems, Inc., a provider of innovative web and infrastructure monitoring solutions, has been named “Silver Sponsor” of SYS-CON's DevOps Summit at 18th Cloud Expo New York, which will take place June 7-9, 2016, at the Javits Center in New York City, NY. Catchpoint is a leading Digital Performance Analytics company that provides unparalleled insight into customer-critical services to help consistently deliver an amazing customer experience. Designed ...
“DevOps is really about the business. The business is under pressure today, competitively in the marketplace to respond to the expectations of the customer. The business is driving IT and the problem is that IT isn't responding fast enough," explained Mark Levy, Senior Product Marketing Manager at Serena Software, in this SYS-CON.tv interview at DevOps Summit, held Nov 4–6, 2014, at the Santa Clara Convention Center in Santa Clara, CA.
WebRTC sits at the intersection between VoIP and the Web. As such, it poses some interesting challenges for those developing services on top of it, but also for those who need to test and monitor these services. In his session at WebRTC Summit, Tsahi Levent-Levi, co-founder of testRTC, reviewed the various challenges posed by WebRTC when it comes to testing and monitoring and on ways to overcome them.