Change in Shareholding for UKFast Group
Article date: Thu, 07 May 2020 09:22 GMTCloud hosting business UKFast announces that its private equity investor, Inflexion, is increasing its shareholding to approximately 75%. The deal sees Inflexion Private Equity become majority shareholder in the Manchester-headquartered firm, supporting its impressive growth trajectory and allowing for continued investment in capability in the specialist areas of cloud security, networks and remote desktop services.
As part of the transaction, Inflexion expects to recruit a new CEO to support new and existing members of the management team in driving forward the Group’s growth strategy. Founders Lawrence and Gail Jones have exited the business and commented, "We chose Inflexion initially because of their track record growing businesses and are confident we're leaving UKFast in great hands."
UKFast delivers market-leading cloud and hosting platforms for businesses and government organisations to outsource critical IT infrastructure. With considerable experience of supporting technology businesses, Inflexion recognises the significant opportunity to further expand UKFast’s strategic services offering in the cyber security and related market.
The UKFast Group will also simultaneously take an option to acquire leading cyber security business, Secarma. Secarma is the preeminent supplier of specialist cyber-services to some of the world’s leading brands. Secarma’s teams of CHECK and CREST certified consultants are experts in invasive code-breaking, cyber-defence and cyber-intelligence to protect businesses from critical financial loss and reputational damage.
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