Atlas Cloud, a Newcastle, UK-based IT company which provides cloud and network solutions to blue-chip clients nationwide, raised £2m in funding.
The investment was made by the Northern Venture Capital Trust Funds (VCTs), which are managed by Mercia.
The company intends to use the funds to further develop its range of solutions and pursue its growth plans. It expects to create 20 new jobs at its Newcastle headquarters in the next two years, increasing existing staff numbers to 55, and increase turnover from £2.5 to over £10m by 2025.
Established in 2010 and led by Pete Watson, CEO, Atlas Cloud offers a complete range of cloud and network managed IT solutions to clients that range from local SMEs to blue chip firms and include high-profile names such as Sage, Experian, Magnox and HS2.