BGF continued its investment in the next generation of the UK’s IT & Technology sector by backing Skyscape Cloud Services, the leading provider of cloud infrastructure services to the UK public sector, with a £4m investment in May 2014.
BGF’s capital is being used to further develop Skyscape’s channel partnerships as well as continue investment into direct sales, alongside expanding into the wider UK Public Sector, including healthcare, local government, research and higher education.
Since BGF’s investment, Skyscape has experienced rapid growth, increasing revenues from £3.7m in 2014 to £16.2m in 2015. Employee numbers have doubled in line with this growth and the company has won a number of industry awards including ‘One to Watch in Cloudex 20:20, Gartner ‘Cool Vendor’ and Cloud Provider Innovation of the Year award at the UK IT Industry Awards 2014.
Skyscape was founded in May 2011 by successful entrepreneur Jeff Thomas (Chairman) and two experienced businessmen Phil Dawson (CEO) and Simon Hansford (CTO). The company’s head office is in Farnborough, Hampshire.
The business has achieved great success to date, winning a number of high-profile contracts directly with public sector organisations, including the Cabinet Office, Home Office, HMRC and MOD. Skyscape also provides cloud services to other central government departments as well as a growing number of local authorities and independent government organisations.
Capitalising on the government shift to cloud computing which forms a key part of government ICT strategy, Skyscape is a market leader in the provision of assured cloud solutions to the UK public sector and has made significant investment in designing a cloud platform that is specifically tailored to meet the needs of this market. The business is currently focused mainly on central government departments, supporting more than 70 projects, across 38 customer organisations engaging through over 100 partners.
Skyscape focuses on providing assured cloud services in a more agile, secure and cost-effective manner. Its customers are able to eliminate the need for costly hardware or managed hosting services as well as benefit from simple hourly pricing and no initial set-up fees. This genuine pay-by-the-hour service delivers significant cost savings for Skyscape’s customers, who are able to turn servers off during evenings and weekends, or alternatively, rapidly scale services at times of peak demand.