Modern Networks Receives GBP£40M Investment

Modern Networks, a UK-based provider of IT Managed Services and Connectivity to the Real Estate and Construction industry, received a £40m investment from Horizon Capital. The company plans to use the funds for acquisitions and organic growth. Modern Networks provides IT support, connectivity, and communications to over 2,000 sites across the UK. The company is a certified partner for Microsoft, Cisco, and HP and works closely with many of the UK's top Real Estate and Construction firms.

Modern Networks Secures £40 Million Investment for Expansion

Modern Networks, a UK-based provider of IT Managed Services and Connectivity to the Real Estate and Construction industry, received a £40m investment from Horizon Capital. The company intends to use the funds to pursue acquisitions alongside its organic growth within the commercial sector and also in adjacent sectors. Established in 1999 by Matthew Reeve, who continues as CEO, Modern Networks provides IT Support, connectivity and communications in an integrated solution to over 2,000 sites across the UK. From its support centre in Hitchin, the company delivers a 24/7 service to users and serves a number of the largest commercial property managers in the UK. As well as providing their own services, the business is also a certified partner for Microsoft, Cisco and HP. Modern Networks works closely with many of the UK’s top Real Estate and Construction firms providing services to over 2,000 sites across the UK. They also provide services to over 140 varied enterprise clients including architects, media companies, accountancy firms, not-for-profits and travel agents.

Modern Networks is a UK-based provider of IT Managed Services and Connectivity to the Real Estate and Construction industry.

4 years ago

Modern Networks Secures £40 Million Investment for Expansion

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