The Government has approved the previously announced acquisition by Hadston 2 of UKCloud, one of the UK’s cloud providers.
Approval of UKCloud’s acquisition under the National Security and Investment Act clears the way for substantial new investment.
“UKCloud has an exciting and vibrant future, embracing a new strategic direction, engaging collaboratively with globally recognised technology companies to deliver first-class client solutions to our UK customers,” said Simon Hansford, CEO, UKCloud.
The new investment will facilitate the expansion of UKCloud’s product portfolio through new partnerships, the development of its platform, and provide sustainable high-wage jobs to benefit the UK’s economy, society and environment.
“UKCloud will be making significant investments in its platform, services and people over the coming months following the approval of funding under the National Security & Investment Act," Hansford continued.
Hadston 2 Limited is an investment vehicle led by entrepreneur and UKCloud chairman, Jeff Thomas, and backed by existing institutional investors including BGF and Digital Alpha.
