UKCloud has been acquired by its own chairman Jeff Thomas.
Hadson 2, an investment firm led by Thomas and supported by BGF Group and Digital Alpha, has bought UKCloud to “facilitate the expansion of UKCloud’s product portfolio via soon-to-be-announced strategic partnerships”.
The MSP works with government bodies across several sectors – including central and local government, health, education and defence and has been looking for further investment after reporting a loss of £17.4 million for the year ending 31 March 2020.
Thomas said: “UKCloud has long been a market leader in the delivery of sovereign, secure cloud technologies to public sector organisations spanning government, health and defence – and today marks the beginning of a new, ambitious strategic vision.”
The company said the acquisition will support “the accelerated development of its platform, and provide sustainable high skill, high wage jobs to the benefit of the UK’s economy, society and environment”.
Hadson 2 Limited plans to accelerate the growth of the UKCloudX and UKCloud Health brands and also undertake a recruitment drive “to fill a range of new positions”.
CEO Simon Hansford said:”This investment is a significant milestone for UKCloud, funding the business through to profitability and accelerating the development of industry-leading capabilities to help organisations embrace the obvious benefits of cloud and digital transformation.”
