GCI Telecom Group Receives £10M Equity Investment from Business Growth Fund
GCI Telecom Group (GCI Com), a Lincoln, UK-based independent telecoms and data services provider, has received a £10m minority equity investment from Business Growth Fund (BGF).
The company intends to use the capital to grow organically and through acquisitions.
formed in 2000 and led by CEO Wayne Martin, a Midlands based IT and communications entrepreneur, GCI Com provides inbound and outbound telephony and data services to medium sized corporates and smaller enterprise customers on a national basis.
The company currently has a turnover of about £65m and employs 220 staff across 9 UK locations.
In addition to the investment, John Cronin will join as Non-Executive Chairman.