Latest from Telecoms
Gradwell secures capital for ambitious growth plans
The company, which was started by Gradwell while at university in 1998, now has a turnover of £5 million and provides services to 12,000 small businesses in the UK.
Orange and Publicis team up on new VC fund
Following in the footsteps of Telephonica, Orange is launching its own venture capital fund alongside Paris-based Publicis.
Synchronica agrees to bid
Kent-based messaging company Synchronica has settled on a better offer from Myriad.
Fourth investment for BGF
The Business Growth Fund has made its first Midlands investment through the £10 million backing of GCI Telecom Group.
ip.access to expand services after $15 million investment
Cambridge-based ip.access, which makes technology to improve indoor 3G coverage, has secured funding of £9.6 million from its existing investors as well as a major new backer.
Mercia launches Mercia Growth EIS Fund
Technology companies operating in the medical, clean energy, electronics, telecoms and software sectors will be the target of a newly launched Enterprise Investment Scheme (EIS) fund from Mercia Fund Management.
LDC injects £15 million into SEP’s latest fund
The mid-market private equity arm of Lloyds Banking Group, LDC, has returned as an investor for Scottish Equity Partners, committing £15 million to the firm’s latest fund.
The next big thing: optical communications technology
Since the dawn of the space age, NASA has been relying on radio communications technology to send and receive data to and from spacecraft.
SpiriTel founder launches new enterprise
Six Degrees Group, a new venture headed by British entrepreneur Alastair Mills, has launched today after securing £60 million of funding during the past 12 months.
In-tune networking: John Dunne
Despite the terrible state of the Irish economy, Intune Networks, co-founded by John Dunne, continues to be a global leader in its field. Dunne reveals to GB how he attracted VC investment while having a complex technology.
Wireless Logic snapped up by ECI as Peter Jones exits
Dragons’ Den investor and serial telecoms entrepreneur Peter Jones has sold IT communications business Wireless Logic to the company’s management and private equity firm ECI Partners for £38 million.
Advent Venture Partners secures third tech exit in 2011
London-based Advent Venture Partners’s tech portfolio has completed its third exit this year as it sells mobile payments provider Zong SA to eBay for $240 million (£150.5 million).
Penta Capital commits £60 million to telecoms venture
Mid-market private equity house Penta Capital has committed £60 million to a new company that has been created to acquire UK managed data service providers.
RJD Partners backs Intrinsic buy-out
Mid-market private equity investors RJD Partners have backed the £30 million buy-out of Intrinsic Technology from its founder and majority shareholder Allan Gauld.
Private equity deals rise on technology investments
The number and value of deals completed in the first half of 2011 soared as technology, media and telecommunications businesses attracted the most private equity investment.
m8 Capital crosses the Atlantic to back Aylus Networks
Mobile technology investor m8 Capital has led a $16 million (£9.9 million) Series D financing round in American software maker Aylus Networks.
FeedHenry receives funding from Kernel Capital
Ireland-based Kernel Capital has backed cloud platform developer FeedHenry with a €500,000 (£440,660) investment.
Office space to cyberspace
Businesses and their employees have much to gain from operating flexible working options. GrowthBusiness reports on the companies which have moved from office space to cyberspace.
Oxford Capital backs Compliant Phones fundraising
Private equity firm Oxford Capital has led a £2 million investment in Compliant Phones to accelerate the global roll out of the business’s mobile data and voice recording technology.
Actimax acquires Universal for £2.7 million
Actimax, a supplier of IT and telecoms infrastructure, has made a bolt-on acquisition, buying Universal Office Automation for £2.7 million to increase market share.
