Cloud Technology Solutions (CTS) are very happy and excited to announce their investment deal with Northedge Capital.
Northedge are a fantastic company who have a track record of supporting Northern-based tech companies, investing in like-minded businesses and management teams who have real ambition, and they saw this in CTS.
With the remarkable growth of 83% that CTS has seen over the past three years, and the market growing fast, this investment means it will allow us to further fund this growth and double the workforce over the next three years. It’s important to us that the company are able to deliver this with an investor that understands the business, how we work and our culture.
James Doggart, CEO at CTS, said: “This could not have happened at a better time for CTS given the growth of the market and our company. It will allow us to take advantage of the global market demand for cloud, and really put our plans into action.”
The investment will provide support for us to continue the development of the business, focus on our public cloud offering and our own software products. It will also allow us to better achieve growth objectives and fulfil our potential for years to come. With our technology already being used in 74 different countries, this means we can push further globally whilst continuing to develop our products.
The management will continue as before, and we see this as a great opportunity that will allow us to take our business to the next level and keep pace with the global investments of public cloud providers such as Google.
James continues “This is an exciting time for CTS and to be in the cloud industry and we are now well placed to push on for growth. We can’t wait for the next few years ahead.”