Completion of new investment

RNS Number : 6867D

British Smaller Companies VCT2 Plc

08 July 2016

 

British Smaller Companies VCT2 plc ("the Company")

Completion of new investment

The Company announces that on 30 June 2016 it completed an investment of £0.95 million to acquire 11% of Hosted Network Services Limited, trading as Sipsynergy.

Sipsynergy, based in Hertfordshire, is a market leading cloud collaboration solutions provider to SMEs.  Sipsynergy has worked closely with technology firm Cisco to create a solution which is sold on a white label basis through IT and telecoms resellers and managed service providers.

The funding will support the company's growth strategy through the expansion of its sales and support teams.

For further information please contact:

David Hall                    YFM Private Equity Limited                 Tel:  [phone]

Gillian Maxwell             Nplus 1 Singer Advisory LLP              Tel:  [phone]

 

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