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Skyscape said it plans to expand its efforts to target the public sector, and enhance its platform as a service proposition

Skyscape said it plans to expand its efforts to target the public sector, and enhance its platform as a service proposition

UK-based cloud services provider Skyscape announced Thursday that it has secured a £4m minority stake investment from the Business Growth Fund, which will be used to accelerate its growth in the UK public sector market.

The privately-held company said it is growing at 20 per cent per month with annualised monthly recurring revenue approaching £10m. The investment from BGF, an independent company providing capital to high-growth British companies, will enable it to ramp up its activities in the UK public sector market and explore potential overseas public sector opportunities.

“Focussed mainly on central government departments, supporting more than 70 projects, across 38 customer organisations engaging through over 100 partners, Skyscape will use the investment to enhance the capacity, scale and performance of our platform, extend our customer and partner care programmes, improve our SLAs and develop our platform-as-a-service proposition,” said Phil Dawson, Skyscape’s CEO.

“Recognising the increasing awareness of the benefits of cloud services, Skyscape will also utilise the investment to accelerate our offering into healthcare, local government and research/higher education,” he added.

Skyscape has been among the small and medium sized businesses rallying local industry around the UK’s G-Cloud programme, which both an attempt to bring cloud services into the mainstream across the public sector and a bid to level the playing field between large incumbent IT suppliers and smaller local businesses.

Stephen Allott, the government’s Crown Representative for Small and Medium Enterprises said the investment is a sign that the public sector’s cloud-focused ICT strategy is working.

“The Government’s IT strategy and the G-Cloud framework have been helping to provide increased access to SMEs, enabling them to compete for more government contracts.  SMEs have won 60 per cent of the business by value placed through the G-Cloud.  Sales have now passed the £154m mark.  This investment is a great example of government’s procurement reforms in action,” he said.

 

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