ITC Service, a North East IT managed service provider, has just received a £7 million investment from BGF, a prominent growth capital investor in the UK and Ireland.
Founded in 2016 by Christopher Potts and Peter Anderson, the Hebburn-based company offers a range of outsourced IT services to over 400 SMEs in the North East of England. These services include managed IT support, cyber security, Microsoft 365 cloud services, communication, consulting, and digital transformation.
With the funding from BGF, ITC Service plans to expand its operations through both organic growth and the acquisition of complementary providers in nearby regions.
Co-founder Potts expressed his excitement about the deal, stating, “We have worked hard over the past 18 years to build a successful business with a strong client base. With the support of my co-founder Peter, I am eager to lead ITC Service into the future, helping more local businesses achieve their goals and execute a strategic M&A plan.”
BGF Investor John Healey, who spearheaded the investment, praised ITC Service as a success story in the North East. He highlighted the company’s track record of delivering exceptional results for clients and its potential for further growth in the regional market.