Maven backs ITS with £2.25m venture funding
UK-based private equity firm Maven Capital Partners has invested ТЃ2.25m in internet access provider ITS Technology Group.
The funding will be used to further develop the firm's fibre internet network, Voice over Internet Protocol, wireless and other IT-related services, and to build its network in new locations. The company will also look to strengthen its sales and operational capabilities.
Company
Founded in 2011, ITS is an internet connection provider that builds and maintains fibre networks, focusing on businesses based in rural locations across the UK.
The company is headquartered in Chester but also has offices in Redcar, Glasgow, Nostell and Welshpool.
People
Maven Capital Partners – Ryan Bevington (investment director).
ITS Technology Group – Roy Shelton (founder).
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