Technology transformation business secures £4m investment to expand
Altrincham-based digital technology transformation business InTec Business Solutions has secured £4m in growth capital from the working capital and venture debt firm BOOST&Co.
This will fund its ongoing development of technology solutions partnerships, including its latest acquisition.
InTec specialises in transformative IT consultancy, focusing on the efficient implementation of cloud solutions, Office365, IT support and CRM platforms for start-ups, fast-growing businesses and established corporate organisations.
The company’s expertise in providing specialist support services for SMEs has given it a strong platform in the evolving digital landscape, responding to significant changes in the ICT sector, including the increasing convergence of mobile, telco and IT technologies.
Following the acquisition of Hale Communications (Europe) in 2018, InTec has now acquired Vision Corporate Services using the new facility from BOOST&Co.
The £4m loan will also be used to finance further acquisitions by InTec, as the business continues to grow its expert partnership network.
Simon Howitt, InTec’s chairman, says: “We have two new partnership deals that are due to complete this Summer, and this funding puts us in a great position to further grow our network of telecom resellers and IT providers through our ambitious acquisition strategy.
“It’s certainly an exciting time for InTec and our partners.”
Ryan Sorby, principal at BOOST&Co, said: “Simon and his team’s clearly-defined acquisition strategy builds upon their extensive market experience and desire to truly partner with vendors and their customers.
“Their collegiate approach is unique in the market and is an attractive proposition for many telecom companies looking to evolve and provide their customers with a complete ICT offering.”
The £4m loan marks BOOST&Co Manchester’s second investment in two months, following the lender’s North West office launch earlier this year and Smart Business Link securing more than £20m in funding at the end of March.