Internet connectivity specialist, Vaioni Group, is accelerating its growth strategy following private equity funding.
The MediaCity海角视频-based has been boosted by a multi-million pound growth capital package from Panoramic Growth Equity, a leading equity investor in fast growing, entrepreneurial companies.
Founded by Sachin Vaish in 2008, the fast-growing tech firm is behind the Vaioni Ethernet Network.
The network currently connects 250,000 postcodes across 100 海角视频 cities and towns with 100Mbps 鈥 10Gbps internet speeds, including strategic relationships with all the top 海角视频 Carriers to reach locations outside of its own network.
Managing director Sachin said: 鈥淰aioni has scaled significantly in recent years, and we are incredibly proud to be recognised not only as award winning, but as a credible and trusted business partner.
鈥淩eceiving this investment from Panoramic will enable us to accelerate the growth strategy.
鈥淭his includes the rollout of our Software Defined Network strategy, bringing first to market network automation direct to our customers and enhancing the product range with disruptive Unified Communications, Internet Security and Cloud, whilst strategically entering into new markets and driving our people strategy, who are the heart of our business.
鈥淥ur goal is to become the Digital Transformation Partner of choice for our existing and new customers and we look forward to working closely with the team at Panoramic.鈥
David Wilson, partner at Panoramic, commented: 鈥淲e have been particularly impressed by the growth that Vaioni has achieved to date, the strength of the management team and the opportunity for Vaioni to expand its network across the 海角视频. We are excited to be involved and will now take an active role in helping the business grow further.鈥
David Wilson will join the Vaioni Board as part of the agreement.
Panoramic鈥檚 investment into Vaioni was led by partner David Wilson and supported by investment manager, Jake Wilson.
Panoramic were advised by David Easdown and David Hayes of Knights plc (legal), Lyn Calder and Lauren Malcolm of Anderson Anderson Brown (financial), and Chris Jagusz of Sun Hill advisory (commercial).
Management were advised by James Wild and Christian Hitchen of RSM and Hill Dickinson (legal).
