Mazars MK advises APSU on BGF funding
Tue, 4th November 2014

Mazars MK advises APSU on BGF funding

The Milton Keynes office of Mazars has advised IT group APSU on a £7m investment by the Business Growth Fund (BGF).

The funding will allow APSU, also an IBM Premier Business Partner, to recruit technical staff in the UK to support its overseas customers and expand internationally. The company also revealed it is considering "selective acquisitions".

Mazars corporate finance partner Nick Johnson and director Stephen Harris advised the company.

In 2013, APSU was named the fastest growing South West company on the Sunday Times Tech Track 100, ranking at number 20 on the list overall. It is also forecasting a turnover of £25m in 2015.

The company was formed in 2011 by chief executive Steve Morris from the merger of AssurIT with Apex Computers International.

Stephen Harris said: "APSU is a terrific business which is aiming to grow rapidly.

"This is a significant injection of cash to help it achieve its ambitions. We were very pleased to be able to advise them."

He added: "The investment by BGF will provide the platform to build upon our exceptional growth as APSU develops and expands our unique feature-rich, cloud-based offerings for the UK, Europe and worldwide markets.

"APSU has an exciting and profitable future ahead and I very much look forward to working with BGF, as well as continuing to work with our customers and partners, both in the UK and internationally, to ensure that we exceed market expectations for both innovation and quality of services."

category Central and East  |  source Insider Media