Pelican Capital backs Atech.cloud acquisition plans with £10m initial investment
Atech.cloud, the Marlow-based Cloud Service Provider (CSP), has received an initial £10 million investment from Pelican Capital. The funds will be used to enhance Atech’s rapid organic growth and finance its pipeline of acquisition opportunities, with follow-on funding available if required.
A Microsoft Advanced Specialist, and multi-gold, direct partner, Atech aims to harness Microsoft technologies to transform its client’s operations, and business efficiency.
Atech primarily supports mid-market and enterprise corporations, with complex cloud requirements. Its key services include digital transformation, mnaged services, managed security and infrastructure support, with a specific focus on deploying and optimising Microsoft cloud technologies.
The investment will support the next phase of growth of the company.
Ryan Langley, CEO of Atech, said: “Over the last four years, Atech has become a leading technology partner, specialising in Microsoft cloud technologies. This direction and focus has enabled us to achieve impressive organic growth, whilst becoming experts in our field. Having assessed the multitude of options presented to support Atech, we are delighted to have found a likeminded partner in Pelican, which enables Atech to move to the next level. With the investment in the business, and our team, we will be accelerating our acquisition plans, whilst ensuring the continuous improvements within Atech."
Richard Morrison, Partner at Pelican Capital, added: “As soon as we met with Ryan and the leadership team, we knew we wanted to back them to realise their ambitions for the business. Atech.cloud is already growing rapidly due to its deep cloud expertise and its focus on customer service. With Pelican’s investment, we are confident the business can continue this trend, plus deliver on its acquisition plans. We are thrilled that the team chose to partner with us, and we look forward to working with them over the next few years.”
Tim George, Co-founder of Atech, said: “With technology being a sector focus for M&A, we needed to ensure we partnered with an investor who could complement our pace of operations, and innovation.
"Having reached an inflection point in 2021, with some major growth milestones being achieved, it was paramount that we could continue to execute on our strategic plans, without distraction. With Pelican on-board, we look forward to delivering the next chapter of success for Atech.”
Atech was advised by Maidenhead-based Wilson Partners Corporate Finance and Peregrine Law.
Pelican Capital was advised by Stephenson Harwood (legal), Knight Transaction Services (financial diligence), Claritas Tax (tax), Alembic Strategy (management diligence) and Megabuyte (commercial diligence).
