Bristol tech firm planning US expansion following £1.8m finance deal
A Bristol specialist in high-performance server technology is set to expand into new markets following a £1.8m loan from NatWest.
The funding, comprising £1.5 million in working capital and growth financing, as well as £300,000 for refinancing, will allow Exacta Technologies to explore new markets and expand its operations to the US.
Founded in 2001, the company specialise in technological solutions that provide reliability and high-performance capability for its customers.
Over the last two decades, the business has gone from strength to strength, by forming and nurturing long-term partnerships with a group of clients, offering tailored and unique solutions for each.
The deal marks the latest successful expansion for the business, which moved to a 20,000 sq. ft production facility in Emersons Green in March 2020.
Exacta Technologies is also hoping to create new job opportunities in Bristol, hiring around 20 new employees in the next twelve months.
Chief executive Nick Rogers said: “We have 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, added: “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.”
