Invosys secures £6.3m funding package

Comms software provider Invosys has secured a £6.3m funding package from Santander UK, enabling it to overhaul its lender portfolio and consolidate its loans. 

The company has also moved all its day-to-day banking functions across to Santander UK. 

Invosys, which was founded in 2006 by Rob Booth and Peter Crooks, wholesales its own cloud communications software and platform. 

Booth, Invosys CEO, said: “The funding will allow us to focus clearly on delivering our growth strategy and hitting our goals. 

"We had a number of interested parties and ultimately decided that Santander were the best fit for us."

Knight Corporate Finance acted as an advisor in the deal.
Santander UK Relationship Director Peter Kennedy said: “Invosys has focused its long-term strategy on strengthening the partnerships it has established in the UK, broadening its product set and developing other sales routes to market – a strategy aided by the acquisitions completed in the last few years.”
Invosys was provided debt advisory services by Paul Billingham and Tom Jones of Knight Corporate Finance with legal advice from David Easdown of Knights Plc.

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