ITS Technology

Sector IT & Telecoms
Deal Type Development Capital
Initial Investment June 2017
Transaction size £2.25m
Location Chester
Maven Office Manchester
Its logo new style v1 logo
About ITS Technology

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. ITS already operates a number of fibre networks and will use the funding to invest in further networks in new geographical locations, as well as further strengthen the sales and operational capabilities of the business. The company also offers other services to its business customers such as Voice over Internet Protocol (VOIP) telephony, wireless technology and IT managed services.

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. Customers then benefit from a robust and cost effective fibre solution in areas which have been underserved by the major providers for many years. 

We are really pleased to have secured this investment from Maven to help scale our fibre networks which are becoming increasingly important for the effective delivery of faster, more resilient, and secure broadband connections. The Maven team immediately demonstrated an understanding of the wider market and how our business model is well-placed to take advantage of these opportunities. The funding will enable ITS to expand our fibre network footprint and deliver to new customers from our strong pipeline.
Roy Shelton, Founder of ITS Technology
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