A Word from the CEO - July 2017
As the summer holidays are fast approaching and we all start looking forward to some family time, the ITS team have been very busy and continue to work hard, making great progress right the way across the company.
I am thrilled to announce the completion of our latest funding round and welcoming our first Institutional investor, Maven Capital Partners, one of the UK’s leading private equity houses, has made a £2.25 million investment via its Venture Capital Trust funds in ITS. The funding will be used to expand our fibre and fixed wireless access networks and to further strengthen the sales and operational capabilities of the business, including the role out of the first phase of our national network.
You will also read in this edition of our newsletter about the new HM Treasury Digital Infrastructure investment Fund (DIIF) and how working with ITS we can now look to secure funding for large area fibre network deployments around the UK. We have appointed Daren Baythorpe as our new Managing Director. An ex BT Openreach MD, Daren joins ITS at the start of yet another exciting phase of ITS’ growth and will be initially focused on project delivery, customer service, sales and support to ensure we continue to scale and drive quality standards even further.
In order to manage our exciting growth we still have a number of open roles which we are looking to fill- further details of the latest roles we have created are listed on our careers page.
Finally, I am delighted to share with your our latest case study for the end-to-end solution we provide PRS Energy.