Adventi secures funding for growth
Adventi, Scotland’s fastest growing independent IT and infrastructure company*, has received a significant vote of confidence with a £600,000 funding package from Archangel Informal Investments, the Scottish Co-investment Fund and other investors. The cash injection is set to boost the Bellshill-headquartered company’s presence in the professional, managed and advanced infrastructure services sectors and support its objective of doubling in size within the next three years.
Spearheaded by Eddie Chance, the former Oracle Scotland senior executive and Chair of ScotlandIS, who took over at the helm of Adventi last year, the fundraising follows a strategic review of the company’s operations.
“This is a new plan and new vision,” explained Eddie Chance, chief executive of Adventi. “The business has undergone significant change during the past few months and we now have a good foundation for growth, with a robust business plan, strong management team and focused objectives in place. The funding will allow us to make a real step-change and create a greater focus for delivering client-centric services, in conjunction with the world class business partnerships that have long been part of Adventi’s DNA.”
The company is also pleased to announce the appointment of David Mitchell, senior vice president of IT Research with global advisory and consulting firm Ovum, as a special adviser to the board on strategy matters. Named EMEA Analyst of the Year by The Institute of Industry Analyst Relations (IIAR) last year, Mitchell’s appointment will place Adventi in a strong position to take advantage of emerging trends and opportunities.
In a further move, the Scotsys and Integral Arm brands will be brought together under the Adventi umbrella. Scotsys, which has a long-standing track-record as Apple’s largest education partner in Europe, was acquired by Adventi in 2005, with Integral Arm, the provider of support and consulting services to SMBs, joining the enlarged group in 2007.