Exacta Technologies expands Stateside following £1.8m NatWest funding

Bristol-based high-performance server technology company Exacta Technologies, is set to expand into new markets following a £1.8 million from NatWest. The funding, comprising £1.5 million in working capital and growth financing, as well as £300,000 for refinancing, will enable the company to explore new markets and expand its operations to the USA.

Founded in 2001, the company specialise in bespoke technological solutions that provide sector-leading reliability and high-performance capability for its global clientele. Over the last two decades, the business has gone from strength to strength, by forming and nurturing long-term partnerships with a select group of clients, offering tailored and unique solutions for each.

This deal marks the latest successful expansion for Exacta Technologies, which moved to a state-of-the-art 20,000 sq. ft production facility in Emersons Green, Bristol, UK, in March 2020. With the company ambitious to build within the sector, this latest example of expansion is set to fuel their continued growth into a rich market. 

With this leap into a new market, Exacta Technologies is also hoping to create new job opportunities in Bristol, hiring around 20 new employees in the next twelve months.

Nick Rogers, CEO of Exacta Technologies, said: "We’ve built our business on strong, enduring partnerships, and this investment from NatWest is a testament to the relationship we have built together and the confidence they have in our vision and capabilities. The funding will allow us to explore new markets and continue our growth trajectory, ensuring we can attract new customers in the USA and provide them with a world class service."

Louis Spencer, Relationship Director at NatWest, said: "Exacta Technologies has demonstrated remarkable growth and innovation over the years and are a fantastic example of the depth and breadth of our Technology Eco-system here in the West of England.

“It’s been a pleasure to work with the management team at Exacta and we are proud to help facilitate this latest expansion into US markets and back their commitment to growth in employment, sales and export activity for the region. They are the exactly the type of High Growth business we are keen to support.

"We look forward to seeing their continued success as they expand and grow within the sector."