Cloud Service Provider (CSP) Outsourcery has raised $10m in its first external round of funding to finance expansion and drive the adoption of cloud services.
The funding was raised from external financial investors and the round matches the $10m invested by the Outsourcery management team since March 2011.
Piers Linney, Co-CEO of Outsourcery, stated: "The company is now fully funded to grow its operations and offering in the UK market. We expect to double revenues each year to 2014 and we are already planning for international expansion. We intend to remove the need for businesses of all sizes to own and manage IT and communications infrastructure and become the world's leading Cloud Service Provider."
Since 2007, Outsourcery has rebuilt the business and infrastructure from the ground-up after the disposal of its legacy mobile telephony business in 2011.
Linney added: "In the future, we may raise further finance to fund overseas expansion to support our growing number of global customers and partners. Our pipeline has grown exponentially and we are experiencing increasing demand from large corporates and enterprises. While we have seen interest from direct customers, we continue to build a partner-centric business that can enable any IT or communications supplier to take a full cloud-based service offering to market."
The CSP's initial investment in developing services and infrastructure is paying dividends as Outsourcery recently signed its first FTSE-100 customer, Pearson Group, and is in the process of deploying a global messaging and collaboration solution for up to 20,000 of its employees.
The solution incorporates Outsourcery's Unified Lync service, as well as Exchange for email and SharePoint for collaboration and document management.
The solution represents one of the largest multi-service deployments by a CSP in the world on a flexible per user, per month payment basis.
Linney enthused: "We are extremely pleased to have been selected by Pearson Group to provide a global communications and collaboration solution, which is a clear indication that the tipping point for cloud adoption has arrived and is testament to our unique service offering, ‘can-do' approach and our investment in our platform, team and ISO 27001 accreditation."