- Acceleris Capital assist in £400k fundraise and Merger
- Business combine under the Vapour Media brand
- Cross-sell opportunity across connectivity and cloud-aaed services
- Positioned to bridge the gap between telco and IT reseller
- Aspirations for growth in the next three years
In the deal announced this week, cloud services provider EveryCloud and connectivity and next generation voice specialist Vapour Media have merged to offer a holistic white label cloud and connectivity proposition to the UK channel. The combined businesses will operate under the Vapour Media brand. Acceleris Capital has advised on a £400k fundraise to support the development of the combined business following assistance in the start-‐up of EveryCloud Computing.
Both organisations serve small‐to‐medium businesses via the UK reseller channel. With offices at Manchester‐based Teledata, EveryCloud provides cloud services through a white label proposition, focusing on hosted servers, back‐up and storage. Brighouse‐based Vapour provides connectivity and access to its own private MPLS network and voice services via its next generation VoIP platform.
With the emergence of cloud solutions and the decline in traditional network services, voice, data storage and back‐up, as well as internet and inter‐office connectivity, are now intertwined. The combined entity of Vapour and EveryCloud is positioned to meet this changing and increasingly interdependent market.
Both companies have experienced growth and built respective infrastructures following investment, and are now focusing on further growth via the indirect reseller channel. The enlarged organisation will lay claim to six data centres as well as its own private network infrastructure, delivering white label solutions including cloud‐based services such as backup and storage, network connectivity and next generation voice.
The business will have the ability to instantly enable resellers to become cloud and connectivity resellers, incorporating provisioning and billing.
Additional investment funds have been raised to support the development of the combined business. Both companies were advised by Acceleris Capital Limited.
“This is a powerful merger as the technologies of the two companies are industry leading and early very complimentary,” said Norman Molyneux of Acceleris Capital. “Since co-founding EveryCloud 18 months ago, we have grown the business with private investment from individuals with relevant experience in the sector. We are delighted to have secured this deal with the further backing of private investment and have worked well with EV Group to secure a transaction that should benefit all parties.”