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 IT services to over 400 SMEs in the North East, including managed IT support, cyber security, Microsoft 365 cloud services, and more.
With this new funding, ITC Service plans to expand its operations through both organic growth and acquiring complementary providers in nearby regions.
Co-founder Christopher Potts expressed his excitement about the deal, stating, “I am thrilled to lead ITC forward and continue to support our region. With the support of BGF, we look forward to helping more local businesses achieve their goals and execute a successful M&A strategy.”
BGF Investor John Healey also commented on the partnership, saying, “ITC has a strong track record of delivering exceptional client outcomes in the North East. With their focus on growth and client satisfaction, we believe ITC is well positioned to further expand in the regional market.”