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Modern Networks Receives GBP£40M Investment


Modern Networks, a UK-based provider of IT Managed Services and Connectivity to the Real Estate and Construction industry, received a £40m investment from Horizon Capital.
Alongside Horizon Capitals investment, debt finance for the acquisition and a committed facility for acquisitions has been provided by specialist SME lender DunPort Capital Management.
The company intends to use the funds to pursue acquisitions alongside its organic growth within the commercial sector and also in adjacent sectors.
Established in 1999 by Matthew Reeve, who continues as CEO, Modern Networks provides IT Support, connectivity and communications in an integrated solution to over 2,000 sites across the UK. From its support centre in Hitchin, the company delivers a 24/7 service to users and serves a number of the largest commercial property managers in the UK. ....

United Kingdom , James Tizzard , Nikki Sandham , Matthew Reeve , Andy Roberts , It Managed Services , Modern Networks , United Kingdom Based , Real Estate , Horizon Capitals , Dunport Capital , Chairman Lee Shorten , Acquisitions Director Andy Roberts , Managing Director James Tizzard , Finance Director Nikki Sandham , ஒன்றுபட்டது கிஂக்டம் , மேத்யூ ரீவ் , ஆண்டி ராபர்ட்ஸ் , அது நிர்வகிக்கப்பட்டது சேவைகள் , நவீன நெட்வொர்க்குகள் , ஒன்றுபட்டது கிஂக்டம் அடிப்படையிலானது , ரியல் எஸ்டேட் ,