ADVERTISEMENT
Tuesday, January 31, 2023
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms & Conditions
Involve Africa
  • Home
  • All African News
  • Politics
  • Technology
  • Entertainment News
    • Travel
    • Tourism
    • Arts
  • Finance
    • Food & Agriculture
    • Business & Economy
  • Crypto News
  • Energy & Environment
No Result
View All Result
  • Home
  • All African News
  • Politics
  • Technology
  • Entertainment News
    • Travel
    • Tourism
    • Arts
  • Finance
    • Food & Agriculture
    • Business & Economy
  • Crypto News
  • Energy & Environment
No Result
View All Result
Involve Africa
No Result
View All Result
ADVERTISEMENT
Home Business & Economy

UKCloud acquisition approved by UK Government

Involve Africa by Involve Africa
June 20, 2022
in Business & Economy
0
UKCloud acquisition approved by UK Government
585
SHARES
3.2k
VIEWS
https://web.facebook.com/involveafricanews?_rdc=1&https://twitter.com/involveafricanews


Approval of UKCloud’s acquisition under the National Security and Investment Act clears the way for substantial new investment. This cements its position as a leading UK-based provider with a fresh strategic vision for sustainable digital transformation across the UK.

You might also like

Picocom and Antevia Networks collaborate to provide new innovative 5G in-building solutions for enterprise private networks

Kenya: CBK Retains Base Lending Rate At 8.75% On Easing of Inflation

Launch of The African Legal Support Facility Medium-Term Strategy 2023-2027 and new visual identity | African Development Bank

London – 13 April 2022 – UKCloud, the multi-cloud experts dedicated to digital transformation across the UK public sector, has now received approval for its acquisition by Hadston 2 under the National Security and Investment Act. The forensic scrutiny applied to the transaction is essential for maintaining the UK’s national security, and is especially important for UK-based leaders in strategic sectors like UKCloud. The confirmation of this approval by the Secretary of State for Business, Energy and Industrial Strategy means the substantial new investment can now be finalised, solidifying UKCloud’s role as a financially robust, innovative and market-leading technology company based in the United Kingdom.

UKCloud Logo

UKCloud Logo

The approval clears the way for completion of the previously announced acquisition by Hadston 2 Limited, an investment vehicle led by well-known entrepreneur and UKCloud Chairman, Jeff Thomas, and backed by existing institutional investors including BGF and Digital Alpha. This significant investment will allow UKCloud to begin executing its strategic plan, while redoubling its commitment to the UK’s technology sector.

Approval of the new investment will pave the way for the expansion of UKCloud’s product portfolio, including significant enhancements in its platform and services, and investment in its people over the coming months. In particular, the company will concentrate on deepening its key strategic relationships, which will enhance its focus on sovereign cloud services, and will secure closer, exciting partnerships with world-leading tech companies. This will also support UKCloud’s ongoing commitment to provide sustainable high skill, high wage jobs to the benefit of the UK’s economy, society and environment.

Simon Hansford, CEO, UKCloud commented:
“UKCloud has an exciting and vibrant future, embracing a new strategic direction, engaging collaboratively with globally recognised technology companies to deliver first-class client solutions to our UK customers. UKCloud will be making significant investments in its platform, services and people over the coming months following the approval of funding under the National Security & Investment Act.”

– ends –

Notes to Editors

Media Contact
Toby Chapman: (07873 140131); toby.chapman@drdpartnership.com
Natasha Kennedy: (07787 404056); natasha.kennedy@drdpartnership.com

About Hadston 2 Limited
Hadston 2 is a newly created special purpose investment company controlled by Jeff Thomas. Its mission is to create a portfolio of enterprises centred around the sustainable and ethical use of data and digital infrastructure, through acquisitions, joint ventures and strategic partnerships.

About BGF
BGF was set up in 2011 and has invested over £2.5bn in more than 400 companies, making it the most active growth capital investor in the UK. BGF is a minority, non-controlling equity partner with a patient outlook on investments, based on shared long-term goals with the management teams it backs. BGF invests in growing businesses in the UK and Ireland through its network of 16 offices. In 2018, Canada launched its equivalent – the Canadian Business Growth Fund – and in 2020, Australia did the same, both based on BGF’s approach and funding model.

https://www.bgf.co.uk/

About Digital Alpha
Digital Alpha Advisors, LLC is an investment firm focused on digital infrastructure and services required by the digital economy, with a strategic collaboration agreement with Cisco Systems, Inc. As part of this agreement, Digital Alpha has preferred access to Cisco’s pipeline of commercial opportunities requiring equity financing. Digital Alpha believes that it is the first firm focused on making private equity investments in the significant growth opportunities required to underpin the Digital Economy, including smart cities, next generation broadband networks, and enterprise data management and communication solutions.

http://www.digitalalpha.net

About UKCloud
UKCloud is the trusted multi-cloud provider to the UK public sector and provides true multi-cloud solutions that enable public sector organisations to achieve better outcomes.

  • Doing the right thing. By delivering better services to citizens and better value for taxpayers, by reducing the time, costs, and risks of digital transformation
  • Accelerating digitalisation with local multi-cloud experts. Our award-winning customer support is here to help our customers throughout their journey with us.
  • Harnessing multiple cloud services. To help organisations use multi-cloud to address existing and legacy IT as well as cloud native applications.
  • Uncompromising safety and integrity. As we believe the UKs public services are a national asset that needs protecting and nurturing.

Additional information about UKCloud can be found at www.ukcloud.com or by following us on Twitter at @ukcloudltd, while information about UKCloud Health can be found at www.ukcloudhealth.com or on Twitter at @ukcloudhealth and information about UKCloudX can be found at www.ukcloudX.com or on Twitter at @ukcloudx





Source_link

Previous Post

Time is running out for Africa to profit from its gas, IEA says

Next Post

Flag day: Schlumberger and Subsea 7 kick off FEED study on African gas project

Involve Africa

Involve Africa

Related Posts

Picocom and Antevia Networks collaborate to provide new innovative 5G in-building solutions for enterprise private networks
Business & Economy

Picocom and Antevia Networks collaborate to provide new innovative 5G in-building solutions for enterprise private networks

by Involve Africa
January 31, 2023
Kenya: CBK Retains Base Lending Rate At 8.75% On Easing of Inflation
Business & Economy

Kenya: CBK Retains Base Lending Rate At 8.75% On Easing of Inflation

by Involve Africa
January 30, 2023
Launch of The African Legal Support Facility Medium-Term Strategy 2023-2027 and new visual identity | African Development Bank
Business & Economy

Launch of The African Legal Support Facility Medium-Term Strategy 2023-2027 and new visual identity | African Development Bank

by Involve Africa
January 30, 2023
Kenya’s demand for electricity hits new record in New Year
Business & Economy

Kenya’s demand for electricity hits new record in New Year

by Involve Africa
January 29, 2023
Augusta Precious Metals Complaints: Addressing the Issues
Business & Economy

Augusta Precious Metals Complaints: Addressing the Issues

by Involve Africa
January 29, 2023
Next Post
Flag day: Schlumberger and Subsea 7 kick off FEED study on African gas project

Flag day: Schlumberger and Subsea 7 kick off FEED study on African gas project

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended

FAA uncovers reason behind why American flights had to be grounded

FAA uncovers reason behind why American flights had to be grounded

January 23, 2023
Gospel Singer, Dunsin Oyekan, Involved In Accident

Gospel Singer, Dunsin Oyekan, Involved In Accident

September 9, 2022

Categories

  • All African News
  • Arts
  • Business & Economy
  • Crypto News
  • Energy & Environment
  • Entertainment News
  • Finance
  • Food & Agriculture
  • News Videos
  • Politics
  • Technology
  • Tourism
  • Travel

Don't miss it

Rolling Over Leftover 529 Funds Into A Roth IRA: Who Benefits?
Finance

Rolling Over Leftover 529 Funds Into A Roth IRA: Who Benefits?

January 31, 2023
African Plant Nutrition Institute (APNI) Photo Contest 2023
All African News

African Plant Nutrition Institute (APNI) Photo Contest 2023

January 31, 2023
Crypto 101: What is the blockchain trilemma?
Crypto News

Crypto 101: What is the blockchain trilemma?

January 31, 2023
Burna Boy Reacts As South African Rapper, Gigi Lamayne Professes Love To Him
Entertainment News

Burna Boy Reacts As South African Rapper, Gigi Lamayne Professes Love To Him

January 31, 2023
What I Think Of Kimani Ng’ang’a Maruge – BTATnT
Tourism

What I Think Of Kimani Ng’ang’a Maruge – BTATnT

January 31, 2023
whose job is it to clean up the mess?
Energy & Environment

whose job is it to clean up the mess?

January 31, 2023

Social Bar

Welcome to involve Africa The goal of involve Africa is to give you the absolute best news sources for any topic! Our topics are carefully curated and constantly updated as we know the web moves fast so we try to as well.

Categories

  • All African News
  • Arts
  • Business & Economy
  • Crypto News
  • Energy & Environment
  • Entertainment News
  • Finance
  • Food & Agriculture
  • News Videos
  • Politics
  • Technology
  • Tourism
  • Travel

Site Links

  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms & Conditions

Recent News

Rolling Over Leftover 529 Funds Into A Roth IRA: Who Benefits?

Rolling Over Leftover 529 Funds Into A Roth IRA: Who Benefits?

January 31, 2023
African Plant Nutrition Institute (APNI) Photo Contest 2023

African Plant Nutrition Institute (APNI) Photo Contest 2023

January 31, 2023

INVOLVEAFRICA.COM

No Result
View All Result
  • Home
  • All African News
  • Politics
  • Technology
  • Entertainment News
    • Travel
    • Tourism
    • Arts
  • Finance
    • Food & Agriculture
    • Business & Economy
  • Crypto News
  • Energy & Environment

INVOLVEAFRICA.COM

What Are Cookies
We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept All”, you consent to the use of ALL the cookies. However, you may visit "Cookie Settings" to provide a controlled consent.
Cookie SettingsAccept All
Manage consent

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. These cookies ensure basic functionalities and security features of the website, anonymously.
CookieDurationDescription
cookielawinfo-checkbox-analytics11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
cookielawinfo-checkbox-functional11 monthsThe cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
cookielawinfo-checkbox-necessary11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
cookielawinfo-checkbox-others11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
cookielawinfo-checkbox-performance11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
viewed_cookie_policy11 monthsThe cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.
Functional
Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features.
Performance
Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.
Analytics
Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc.
Advertisement
Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. These cookies track visitors across websites and collect information to provide customized ads.
Others
Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet.
SAVE & ACCEPT