Tag: Boris Johnson

Cummings has set up an IT consultancy

Boris Johnson’s former chief adviser, the ever-popular and charismatic Dominic Cummings, has set up an IT consultancy firm in the UK.

Founded on 25 February, the new venture is billed as an “information technology consultancy”, Bloomberg first reported.

Subbed Siwah it is named after the desert oasis in Egypt, Oasis Wāḥat Sīwah, where Alexander the Great realised that he was the God Amon and became Pharoah of Egypt.

Government builds new 5G testing facility

A new government-backed 5G testing facility is to be built in Oxfordshire to help UK businesses use 5G and satellite technology.

Due for completion in 2021, the engineering hub is to be built by the IT and business consultancy CGI at the county’s Harwell Campus. The hub will get more than £3 million in government cash. Last week, the Boris Johnson government quietly muted its manifesto promise to provide the British world+dog a top interweb connection by 2025.

Tech VCs flock to London

london-undegroundDN Capital is going to create a $200 million VC fund based in the Smoke and will invest o software digimedia, mobile apps and e-commerce firms.

But it’s not the only VC firm to set up shop in London. Tech investments worth around $1.4 billion have arrived over the last six months.

The firms include Index Ventures, Balderton Capital, Santander and Google Ventures.  And Dan Cobley, who used to run Google Europe said he will set up Brightridge Capital in London with funds reckoned to amount to $84 million.

London & Partners, Mayor Boris “No Man is an Island” Johnson promotional company, thinks that London is the place for investors looking for high growth.

Gordon Innes, CEO of London & Partners said that the Smoke “is increasingly the place to be for investors.  Funds based in London have access to the cream of the European technology scene, meaning they have the opportunity to invest in the great companies being created in booming clusters such as London’s Tech City”.