Cisco’s Digital Alpha Advisors invest £25m in UKCloud
Digital Alpha Advisors, the investment arm of Cisco, has invested £25 million in UKCloud to accelerate digital transformation of UK public services.
UKCloud, the UK-based public cloud provider, combines the best hyperscale cloud technologies on a single platform hosted within its UK data centre facilities. It enables public sector organisations that are resource-constrained a way of modernising its existing IT while also facilitating the development of modern cloud native digital solutions that requires services such as Azure, Docker and Kubernetes.
“The investment from Digital Alpha demonstrates their confidence in our differentiated business model and gives us tremendous potential to scale, accelerate our growth in the UK public sector saving taxpayer money and driving better insights for decades to come,” said Simon Hansford (pictured), CEO UKCloud. “Importantly our alignment with Cisco is a force multiplier; enabling our product development and helping us further differentiate from our competitors enabling us to accelerate our investment in sales, marketing, customer experience and new markets.”
Under the terms of the agreement, the investment from Digital Alpha will support the enhancement and expansion of teams and technologies behind the UKCloud multi-cloud platform. In addition, it will also be used for strengthening the alignment with networking leader Cisco in the UK. The partnership between the two will create a new route to market with UKCloud through joint sales and marketing activities.
“We are delighted to have the opportunity to make an investment into UKCloud, which has established itself as a highly differentiated provider in a market that is ripe for rapid growth due to the low levels of cloud penetration across the UK public sector,” added Rick Shrotri, Digital Alpha Managing Partner. “UKCloud has developed a unique multi-cloud platform that is engineered to achieve government-grade assurance and native connectivity, which creates significant opportunities for digital transformation in Defence, National Intelligence and other new sectors. Our additional capital will help UKCloud scale its team of award-winning multi-cloud experts and to also shape new product lines that are pre-packaged with Cisco's multi-cloud offering.”
UKCloud recently announced the launch of UKCloud Health, which provides specialised services to the Health and Life Sciences community, as well as UKCloudX, which delivers the UK’s first cloud platform suited to the most sensitive needs of the UK’s Defence and National Security organisations.