Welcome!

Containers Expo Blog Authors: Elizabeth White, Yeshim Deniz, Zakia Bouachraoui, Pat Romanski, Liz McMillan

Blog Feed Post

Skyscape Cloud Services announces Institutional Investment from BGF

£4m investment to support on-going growth of rapidly expanding UK SME

London - May 15th 2014 - Skyscape Cloud Services Limited, the easy to adopt, easy to use and easy to leave Assured Cloud Services Company, today announced that it has secured a £4m minority stake investment from BGF (Business Growth Fund) to accelerate its growth in the UK Public Sector market.

The BGF investment reflects the confidence that this leading financial institution has in the Skyscape business, which is growing at 20% per month with Annualised Monthly Recurring Revenue approaching £10m. Founded in May 2011, and to date supported by private investors, Skyscape is a leading provider of cloud infrastructure services to the UK public sector. BGF is an independent company established to help Britain's high growth businesses.

Phil Dawson, Chief Executive Officer, Skyscape Cloud Services stated "BGF is the ideal investment partner to support the on-going growth of our market-leading, assured cloud infrastructure business, singularly dedicated to helping UK government achieve their digital agenda; delivering better, user-centric public services through more affordable and agile IT. Focussed mainly on central government departments, supporting more than 70 projects, across 38 customer organisations engaging through over 100 partners, Skyscape will use the investment to enhance the capacity, scale and performance of our platform, extend our customer and partner care programmes, improve our SLAs and develop our Platform-as-a-Service proposition. Recognising the increasing awareness of the benefits of cloud services, Skyscape will also utilise the investment to accelerate our offering into healthcare, local government and research/higher education."

James Austin, Investment Director, BGF commented: "We are delighted to be backing Phil and the team at Skyscape to help realise their ambitions for the company. It is a young business and one that is growing very rapidly due to its ability to deliver a unique cloud service model to a developing public sector market. The ambition of its founders is extraordinary. Skyscape has been built for significant scale, backed by a proven management team with very impressive track-records and a desire to grow Skyscape in tandem with the government's policy for wider adoption of cloud based services."

Capitalising on the government shift to cloud computing which forms a key part of its ICT strategy, Skyscape is a market leader in the provision of assured cloud solutions to the UK public sector and has made significant investment in designing a cloud platform that is specifically tailored to meet the needs of this market. Skyscape focuses on providing assured cloud services in an agile, secure and cost-effective manner. Its customers are able to eliminate the need for costly hardware or managed hosting services as well as benefit from simple hourly pricing and no initial set-up fees. This genuine pay-by-the-hour service delivers significant cost savings for Skyscape's customers, who are able to turn servers off during evenings and weekends, or alternatively, rapidly scale services at times of peak demand.

Stephen Allott, The Government's Crown Representative for Small and Medium Enterprises said "The Government's IT strategy and the G-Cloud framework have been helping to provide increased access to SMEs, enabling them to compete for more government contracts. SMEs have won 60% of the business by value placed through the G-Cloud. Sales have now passed the £154m mark. This investment is a great example of government's procurement reforms in action."

Skyscape has achieved considerable success to date, winning a number of high-profile contracts directly with public sector organisations, including the Cabinet Office, Home Office, HMRC and MOD. Indirectly, via partners, Skyscape supports infrastructure hosting a large number of other central government departments, and a growing number of local authorities and independent government organisations.

The investment was managed for BGF by James Austin, Greg Norman and Edwin Davies.

- ends -

About Skyscape Cloud Services
Skyscape's assured cloud solutions have been specifically designed to meet the needs of the UK public sector, delivering UK sovereign services that are easy to adopt, easy to use and easy to leave, with genuine pay by the hour consumption models. Skyscape is a certified Public Services Network (PSN) service provider and its full range of services has been accredited by CESG Pan Government Accreditor (PGA). As a UK SME, Skyscape has won a number of high-profile contracts via the G-Cloud Framework and is a key supporter of the programme. Its services are delivered with leading technologies from the Skyscape Cloud Alliance Partners: QinetiQ, VMware, Cisco, EMC and Ark Data Centres. Skyscape has been named a "Cool Vendor" by analyst firm, Gartner. To learn more about Skyscape, visit www.skyscapecloud.com or follow on Twitter @skyscapecloud

Media Contacts
Charlotte Martin/Flora Haslam
Johnson King
+44 (0)20 7401 7968
[email protected]

Source: RealWire

Read the original blog entry...

More Stories By RealWire News Distribution

RealWire is a global news release distribution service specialising in the online media. The RealWire approach focuses on delivering relevant content to the receivers of our client's news releases. As we know that it is only through delivering relevance, that influence can ever be achieved.

IoT & Smart Cities Stories
Bill Schmarzo, Tech Chair of "Big Data | Analytics" of upcoming CloudEXPO | DXWorldEXPO New York (November 12-13, 2018, New York City) today announced the outline and schedule of the track. "The track has been designed in experience/degree order," said Schmarzo. "So, that folks who attend the entire track can leave the conference with some of the skills necessary to get their work done when they get back to their offices. It actually ties back to some work that I'm doing at the University of San...
Andrew Keys is Co-Founder of ConsenSys Enterprise. He comes to ConsenSys Enterprise with capital markets, technology and entrepreneurial experience. Previously, he worked for UBS investment bank in equities analysis. Later, he was responsible for the creation and distribution of life settlement products to hedge funds and investment banks. After, he co-founded a revenue cycle management company where he learned about Bitcoin and eventually Ethereal. Andrew's role at ConsenSys Enterprise is a mul...
IoT is rapidly becoming mainstream as more and more investments are made into the platforms and technology. As this movement continues to expand and gain momentum it creates a massive wall of noise that can be difficult to sift through. Unfortunately, this inevitably makes IoT less approachable for people to get started with and can hamper efforts to integrate this key technology into your own portfolio. There are so many connected products already in place today with many hundreds more on the h...
DXWorldEXPO | CloudEXPO are the world's most influential, independent events where Cloud Computing was coined and where technology buyers and vendors meet to experience and discuss the big picture of Digital Transformation and all of the strategies, tactics, and tools they need to realize their goals. Sponsors of DXWorldEXPO | CloudEXPO benefit from unmatched branding, profile building and lead generation opportunities.
DXWorldEXPO LLC announced today that Telecom Reseller has been named "Media Sponsor" of CloudEXPO | DXWorldEXPO 2018 New York, which will take place on November 11-13, 2018 in New York City, NY. Telecom Reseller reports on Unified Communications, UCaaS, BPaaS for enterprise and SMBs. They report extensively on both customer premises based solutions such as IP-PBX as well as cloud based and hosted platforms.
In his keynote at 19th Cloud Expo, Sheng Liang, co-founder and CEO of Rancher Labs, discussed the technological advances and new business opportunities created by the rapid adoption of containers. With the success of Amazon Web Services (AWS) and various open source technologies used to build private clouds, cloud computing has become an essential component of IT strategy. However, users continue to face challenges in implementing clouds, as older technologies evolve and newer ones like Docker c...
The best way to leverage your Cloud Expo presence as a sponsor and exhibitor is to plan your news announcements around our events. The press covering Cloud Expo and @ThingsExpo will have access to these releases and will amplify your news announcements. More than two dozen Cloud companies either set deals at our shows or have announced their mergers and acquisitions at Cloud Expo. Product announcements during our show provide your company with the most reach through our targeted audiences.
To Really Work for Enterprises, MultiCloud Adoption Requires Far Better and Inclusive Cloud Monitoring and Cost Management … But How? Overwhelmingly, even as enterprises have adopted cloud computing and are expanding to multi-cloud computing, IT leaders remain concerned about how to monitor, manage and control costs across hybrid and multi-cloud deployments. It’s clear that traditional IT monitoring and management approaches, designed after all for on-premises data centers, are falling short in ...
The deluge of IoT sensor data collected from connected devices and the powerful AI required to make that data actionable are giving rise to a hybrid ecosystem in which cloud, on-prem and edge processes become interweaved. Attendees will learn how emerging composable infrastructure solutions deliver the adaptive architecture needed to manage this new data reality. Machine learning algorithms can better anticipate data storms and automate resources to support surges, including fully scalable GPU-c...
A valuable conference experience generates new contacts, sales leads, potential strategic partners and potential investors; helps gather competitive intelligence and even provides inspiration for new products and services. Conference Guru works with conference organizers to pass great deals to great conferences, helping you discover new conferences and increase your return on investment.