Entirely Tech

HALIFAX TECHNOLOGY NEWS


Million pound investment to fuel national expansion of Yorkshire cloud tech firm


Yorkshire-based Vapour Cloud has received a £1m injection, to support its national expansion.



Million pound investment to fuel national expansion of Yorkshire cloud tech firm

The investment from Seneca Partners will see the tech firm plough further capital into the continued innovation of its bespoke cloud solutions. The money will also help boost the team’s headcount by 20%, with new roles across the sales, marketing, implementation and support functions.

The news comes as Vapour celebrates its fourth year in business. Established in 2013 by CEO Tim Mercer, Financial Director Jason Sharp and Cloud Director Steve Dempsey, the company has now attracted £4m investment in total, including a £750,000 sum from Seneca back in 2016. The 31-strong team now has its sights set on £6m turnover by the end of 2018, with the goal being to double that revenue by 2020.

Having already relocated to its new 4,500sqft headquarters in Elland, bringing together its Leeds and Manchester teams, Vapour has established a secure integrated network operation to support its base of channel partners and end customers. But Tim now has his eyes set firmly on the future.

“The past four years have seen us cement our presence as a true cloud technology specialist,” he said. “Rather than diversifying like many tech companies do, and risk fragmenting our offering, we’ve remained focused on three things – secure network connectivity, voice communications and storage.

"The past four years have seen us cement our presence as a true cloud technology specialist"
Tim Mercer, CEO of Vapour Cloud



“Thanks to our own secure platform and evolving solutions which bring voice and data together,   we’re now the trusted cloud tech partner for organisations ranging from local SMEs through to the UK’s leading resellers and their blue-chip brands. Our projects are becoming increasingly bespoke, but it’s because people are realising the sky’s the limits when it comes to advanced cloud solutions.”

Commenting on the decision to invest, Richard Manley, Managing Partner at Seneca said: “We’ve seen Vapour’s transition from a budding start-up venture to a key player in the attractive cloud space. The capabilities of their platform are superb, which enables them to deliver future-proofed and secure solutions to businesses throughout the UK.

“Their true specialism in this field sees them achieve enviable results for clients. This is therefore a very exciting time for them, in which we hope the investment will fuel the next chapter of their nationwide expansion.”

Vapour Cloud is based at Lowfields Business Park, minutes from the M62. The tech firm provides an array of secure cloud-based services including network connectivity, hosted servers, varied voice and data communications solutions, as well as storage, back up and replication services.




DISCLAIMER: The statements, opinions, views and advice expressed in this article are those of the author/organisation and not of ENTIRELY. This article should represent information correct at the time of publication however whilst every care has been taken to present up-to-date and accurate information, we cannot guarantee that inaccuracies will not occur. ENTIRELY will not be held responsible for any claim, loss, damage or inconvenience caused as a result of any information within this article or any information accessed through this site. The content of any organisations websites which you link to from ENTIRELY are entirely out of the control of ENTIRELY, and you proceed at your own risk. These links are provided purely for your convenience and do not imply any endorsement of or association with any products, services, content, information or materials offered by or accessible to you at the organisations site.





Get The Entirely Weekly Brief In Your Inbox


HALIFAX TECHNOLOGY PROFILES
MOST SHARED


Datamere Software Solutions


Datamere Software Solutions is an award-winning development company that offers a complete downstream package for gas suppliers. Established in 1998, Datamere created its market leading Gas Management System which offers a modular approach for portfolios of varying sizes.The company has also created bespoke software solutions for hospitality, healthcare and HR industries and is currently working on the development of GMS V4 and GENUS.






JMC IT


Founded in 1981, JMC IT is an award-winning IT support partner based in Agecroft, Salford.






The Config Team


The Config Team -SAP Logistics and Warehouse Management Specialists - was founded in 1994. With its head consultant office based in Skelmersdale, the successful solutions it has delivered to globally respected names give it a reputation as a leading authority in SAP Logistics implementation.






Kieron James

Entrepreneur


Kieron started his career as a Teacher before moving into the emerging market of web domain names sales in 1999. In 2005, he branched out into telecoms, founding Zimo,which won the industry's Service Provider of the Year Award in 2008. He went on to cofound Nexbridge, wich provides industry-leading telecoms services to communications providers and recently branched out into IP telephony services with the popular WHYPAY conferencing service which offers free conference calls to UK businesses.






Virtuelle

Virtual PA HR Services


Behind every successful business owner, consultant or freelancer is a team of support staff making sure that everything runs like clockwork. I offer a range of support services that will help your business do just that.By using Virtuelle's professional, flexible and affordable business support, all the day-to-day things that take up your time and energy are taken care of, so you can concentrate on what really matters to you running and growing a successful business.






RECOMMENDED FOR YOU ON ENTIRELY YORKSHIRE

Got some News to share? Click here.