ITS Technology

Sector IT & Telecoms
Deal Type Realisation
Initial Investment June 2017
Location Chester
Maven Office Manchester
Its logo new style v1 logo
About ITS Technology

In January 2020 the Maven VCTs sold its holding in ITS to Aviva. ITS builds and maintains fibre networks, providing fast and reliable connectivity to businesses in mainly rural or harder to reach locations across the UK. Many of these areas are poorly serviced by existing telecommunications infrastructure, which is a barrier for businesses in the region which need fast and resilient fibre communications to operate effectively. 

Over the past few years ITS have secured exclusive concession agreements with local authority partners which allows the business to commercialise the spare capacity of the authorities’ existing duct infrastructure. This means ITS can rapidly deploy fibre networks without any significant disruption to the local area and generate much needed funds for the local authority via their revenue sharing model.

The sale to Aviva Investors is a strategic move for the business and is testament to the quality of the ITS management team. We’re delighted to have played our part in bringing the team together and would like to thank them for their hard work and wish them good luck for the next stage of their journey.
Ryan Bevington, Investment Director at Maven
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