Public sector managed service provider (MSP) UKCloud has received approval for its acquisition by Hadston 2 under the National Security and Investment Act.
The approval was signed off by the Secretary of State for Business, Energy and Industrial Strategy, meaning the deal can now be finalised.
The approval clears the way for completion of the previously announced acquisition by Hadston 2 Limited, an investment vehicle led by UKCloud chairman, Jeff Thomas, and backed by existing institutional investors including BGF and Digital Alpha.
The firm says the investment from the acquisition “will allow UKCloud to begin executing its strategic plan, while redoubling its commitment to the UK’s technology sector.”
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In a statement UKCloud said the approval “will pave the way for the expansion of UKCloud’s product portfolio, including significant enhancements in its platform and services, and investment in its people over the coming months.
“In particular, the company will concentrate on deepening its key strategic relationships, which will enhance its focus on sovereign cloud services, and will secure closer, exciting partnerships with world-leading tech companies. This will also support UKCloud’s ongoing commitment to provide sustainable high skill, high wage jobs to the benefit of the UK’s economy, society and environment.”
“UKCloud has an exciting and vibrant future, embracing a new strategic direction, engaging collaboratively with globally recognised technology companies to deliver first-class client solutions to our UK customers,” said UKCloud CEO, Simon Hansford.
“UKCloud will be making significant investments in its platform, services and people over the coming months following the approval of funding under the National Security & Investment Act.”