2 min read

BGF backs Preston-headquartered Celerity in £15m deal

By Tracy Ridgley on 24-Nov-2021 11:47:45

Hybrid cloud and IT managed services provider, Celerity, has announced a £15 million investment from the UK’s most active growth capital investor, BGF.

Preston-headquartered Celerity is a fast-growing provider of high value, complex hybrid cloud and IT managed services. The business leads organisations through digital transformation and modernisation to deliver greater efficiency in management and optimisation of critical enterprise infrastructure. Its services include cyber security, data recovery and data visualisation.

BGF’s funding will allow Management, led by founder Chris Roche (CEO) and Craig Aston (COO) to continue scaling their managed service proposition, which is delivered alongside Celerity’s proprietary IP.

Commenting on the deal, Chris Roche said: “In the last 19 years we have achieved sustained business growth and critical acclaim, by diversifying from provision of enterprise infrastructure to a cloud and managed services specialist across both public and private sectors.

“Having developed our mission-critical solutions, and with a strong senior team in place, we felt now was the perfect time to accelerate our growth. As such, we wanted to engage with a like-minded investor with the experience and expertise of scaling other high-growth technology businesses. BGF has extensive experience in this sector, and we’re delighted to be partnering with the team to supercharge our growth.”

As part of the deal, Phil Male will join the board as non-executive chair (NXC), bringing significant experience from the technology sector. Following an introduction by BGF’s Talent Network in 2016, he has also acted as NXC on other BGF portfolio companies, including Virtual1, ROI, and Miss Group.

BGF has invested more than £100 million in tech businesses in 2021 and announced seven successful exits in the sector this year. Of the £538 million invested in tech businesses to date, 70% of capital has been deployed outside of London and the South East.

The deal was led by Harry Jones and Spencer Woods, investors in BGF’s North West team. Harry Jones will also join the Celerity board.

Harry Jones said: “We have known the team at Celerity for several years and recognised a strong cultural alignment between our organisations. We have closely tracked their transition from a reseller and integrator of infrastructure to a highly successful IT managed services provider. Celerity’s impressive growth has accelerated rapidly through major contract wins, with managed service revenues more than quadrupling in the last 12 months.

Topics: Celerity News investment BGF
2 min read

Celerity Successfully Retains 3 ISO Certifications

By Tracy Ridgley on 04-Aug-2021 10:33:40

Enterprise IT solutions provider, Celerity Limited with headquarters based in Kirkham, Lancashire, has successfully retained three internationally recognised standards for: ISO 9001 Quality Management, ISO 14001 Environmental Management, and ISO 27001 Information Security.

Topics: Celerity News award
1 min read

Celerity achieves cyber essentials plus

By David Taylor on 14-Oct-2020 14:58:20

Celerity is proud to announce that we have built upon our existing Cyber Essentials accreditation and are now Cyber Essentials Plus accredited.

Topics: Security Cyber Security Celerity News Cyber Essentials Plus
1 min read

Local Government: Emerging from Lockdown

By Tracy Ridgley on 24-Jun-2020 09:12:06

Celerity partnered with IBM to host a virtual event last month 

Topics: Celerity News
1 min read

Celerity Director Wins Northern Financial Director Award 2019 - Leadership

By Magda Bautembach on 26-Nov-2019 12:21:15

Craig Aston, Celerity COO, was recognised at the Northern Finance Director Awards 2019 in Manchester last week.

Topics: News Celerity News Northern Financial Director Awards 2019
4 min read

Celerity Expands New Business Development Team

By David Taylor on 21-Nov-2019 15:53:54

Celerity is happy to announce that we added two new starters  to the new business development team. We're joined by Sean Stuart, New Business Account Manager and Mark Prescott, New Business Development.

Topics: Celerity News New Starters
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