UKCloud sold to investor group

Published by

Stephen Emerson

UKCloud has been bought by Hadston 2 Limited

A cloud computing firm which specialises in providing services to the public sector has been sold to an investment vehicle.

Farnborough-based UKCloud has been bought by Hadston 2 Limited, led by current chairman Jeff Thomas, for an unspecified sum subject to security clearance by the UK Government under the National Security Investment Act.

Hadston 2 Limited's investors also include BGF Group plc and Digital Alpha with the vehicle securing the organisation's three brands UKCloud (central and local government), UKCloud Health (central health bodies) and UKCloudX (Defence and National Security).

Jeff Thomas, Chairman, Hadston 2 Limited, said: “UKCloud has long been a market leader in the delivery of sovereign, secure cloud technologies to public sector organisations spanning government, health and defence – and today marks the beginning of a new, ambitious strategic vision.

"The funding provides a strong foundation on which to assemble a portfolio of innovative businesses promoting the ethical and sustainable use of data to drive positive change in our communities and economy.

"Organisations and governments increasingly share a belief in these crucial outcomes and I am deeply excited to unveil more information about our growth plans and new direction in the very near future.”

Stephen Emerson

Stephen Emerson is the Managing Editor of The Business Magazine and is responsible for the publication's print publications and online properties including the newly launched Biz News websites in Hampshire and Dorset. Stephen has been a journalist for 20 years and has worked at local, regional and national publications and led a team which made The Scotsman website one of the fastest growing news sites in the UK with over eight million monthly users. He has a keen interest in technology, property and corporate finance and telling the stories of the people behind the successful firms in these sectors.