Cloud services specialist iPortalis has secured a multi-million-pound investment from NorthEdge Capital to support its global expansion plans.
iPortalis helps international businesses aggregate their diverse solutions so that all technology purchasing, deployment and license and asset management functions can be handled by IT teams via a single pane of glass.
At the heart of the iPortalis service is the iPortalis Control Portal (iCP), a cloud software portal which enables IT teams to purchase, deploy and manage over 30 popular applications from Microsoft, Cisco, Citrix, Symantec, VMware, Acronis and other leading suppliers. It also provides a powerful billing service that allows IT people in multi-nationals to re-invoice out monthly/quarterly IT costs to each of their global operating subsidiaries on one local bill in their language and currency of choice. The iCP supports 22 languages and any currency. It was recently named Most Innovative Enterprise Product at the UK Cloud Awards 2018.
iPortalis claims to help enterprises and channel partners quantify usage, save costs, operate efficiently, and improve multi-vendor cloud service utilisation through a single self-service portal, specialist consultancy and powerful utility-based billing service.
iPortalis employs a team of cloud technology experts across its offices in the UK, Europe and USA, is vendor-agnostic and has a strong portfolio of global clients from multinational enterprises to many of the world’s largest hosted service providers and telcos.
The investment, led by NorthEdge’s John Rastrick and James Marshall, follows the close of the firm’s £120m SME Fund I in July this year. This new Fund targets businesses across all industry sectors in the North of England and Midlands regions, investing between £2m and £10m in growth and development capital, management buy-outs, equity release and buy-and-build opportunities.
Neil May, CEO at iPortalis, said: “Partnering with NorthEdge Capital will turbo charge our platform and services development, whilst adding significant global resources to expand the iPortalis sales, marketing, customer services and support teams.
"iPortalis will be looking to expand rapidly on the back of this investment - which will mean growth in both our direct and channel business. Currently, our cloud software portal, the iPortalis Control Portal (iCP) is used by around 90 hosters, with many of these providing white labelled versions of the iCP to their resellers. We also work with partners in the Enterprise space - both resellers and technology suppliers - and will be looking to rapidly scale our channel programme in the months and years to come."