Fourteen IP, a Leigh, UK-based provider of communications solutions for hotels, raised £500k in funding from the North West Fund for Venture Capital, managed by Enterprise Ventures.
As part of the investment, telecoms and data industry veteran David Ashmore has been appointed as Non-Executive Director.
Founded in 2011 by Neil Tolley, Fourteen IP provides complex voice and data networks which support telephones, wi-fi and all the other data traffic a hotel business requires.
The company delivered projects in hotels nationally and internationally, including sites for the Marriott and Four Seasons chains and, most recently, the Kempinski Hotel inVienna. It partners with suppliers including Hewlett Packard, Mitel, and Motorola and is also working with Otrum, a Norwegian company which supplies TV systems to hotels and has a presence in 30 countries.
Fourteen IP had revenue of £1.6m for its first full year to August 2012.
FinSMEs
11/06/2013