Fast growing web hosting business Miss Group is expanding its global footprint through a buy and build strategy after securing a 拢20m debt funding commitment from HSBC 海角视频.
Miss Group, which is backed by BGF and led by CEO Mattias Kaneteg, has completed four acquisitions so far this year and, alongside strong organic revenue growth, has increased revenues by approximately 200 per cent in the first nine months of 2019.
With a strong pipeline of future acquisitions in both Europe and North America, and with the continued backing from HSBC 海角视频, Miss Group expects to complete a number of further transactions in the remainder of 2019 and into 2020, accelerating growth in revenue.
Mark Kerswell, CFO of Miss Group, said: 鈥淲e鈥檙e proud to be one the fastest-growing tech companies in the 海角视频 and with support from HSBC 海角视频 we鈥檙e confident that we can continue to increase our presence globally.
鈥淩eacting quickly to an international market is important, and with HSBC 海角视频 we have a commercial banking partner that gives us real advantage in delivering against our acquisition and organic growth targets.鈥
Mark Boyle, corporate relationship director for Greater Manchester, HSBC 海角视频, added: 鈥淚t鈥檚 exciting to be supporting such a rapidly expanding technology company based out of the North West.
鈥淭he importance of a thriving tech sector to the North of England is often discussed in the business community and it鈥檚 great to see more companies buying into the push to lead on innovation. We hope to help more businesses like Miss Group build on their futures across the region.鈥
Miss Group was established in 2014 to build a hosting offering and to create a global affiliate network for services including hosting, domain names, site building and email management.
The group has rapidly established a growing customer base in Scandinavia and is building a presence in new markets, including North America and Spain.
Miss Group was recently ranked 15th in the annual Sunday Times Hiscox Tech Track 100, making it one of Britain鈥檚 fastest-growing tech firms.
HSBC 海角视频 worked alongside its strategic partner the Business Growth Fund to provide funding for Miss Group.
The funding was part of HSBC 海角视频鈥檚 拢1.05bn lending fund for SMEs in the North West.
