IT firm buyout secures growth, job creations and vital local business cyber-security support
Three long-term key employees at VectorCloud, a Glasgow-based IT security and backup specialist, have been backed by RBS to facilitate a management buyout – with a plan that includes significant expansion and the creation of local jobs.
The move will see Kevin Mitchell become Service Director, Ewan McKay as Finance Director and Scott Cassidy becoming the company’s Technical Director – all leading the business as they implement an intensive new growth strategy.
“The first 7 months of 2017 have been the best we’ve ever seen in terms of customer acquisitions” explains Mitchell, “this puts us even further ahead than we anticipated, meaning we can now start building on our already strong 10-person staff team.”
A new flagship office at Lanarkshire’s Eurocentral represents the next chapter in VectorCloud’s already impressive story. Mitchell expands: “The company began life 20 years ago as a result of one man’s technical knowledge and a genuine care for customers. Since then, we’ve seen incredible changes in the world of IT – but our ethos is the same, we always start with an understanding of our customer and their needs.”
“In terms of location, Eurocentral is ideal for servicing businesses throughout Glasgow, Lanarkshire and Edinburgh, it’s also the perfect place to accommodate our growth plans.”
VectorCloud’s expertise predates that of most tech giants – their foundation in 1997 puts them into the IT world before Google or Facebook - and even prior to most businesses adopting email. Instead of putting them behind the time, this early start has seen a continual building of expertise, with the team establishing themselves as one of Scotland’s most highly regarded IT companies.
The well documented cyber-attacks of recent years have seen VectorCloud providing support that’s allowed Scottish businesses to keep their doors open – even when IT disaster strikes. With increasing numbers of fraudsters turning their attention away from big business and toward more vulnerable small businesses, cyber-security has never been more relevant. Cassidy highlights that “IT support is no longer about setting up pcs and fixing a printer fault, it’s now about providing 24/7 monitoring and being proactive in your approach. Businesses are becoming more and more reliant on their IT network which is why we are proud to have successfully provided 99.998% server uptime for our customers over the past 12 months.”
However impressive the company’s credentials and journey so far, McKay confirms the buy-out is just the beginning of the new chapter: “The funding we have secured includes significant future investment, we have a detailed plan of how we will double the size of the business in the coming 5 years”
VectorCloud’s buy-out represents an exciting time for IT in Scotland, significant new job opportunities and continued investment that will ensure expert local support for Scottish businesses.