{"id":1874,"date":"2016-11-08T16:53:00","date_gmt":"2016-11-08T16:53:00","guid":{"rendered":"https:\/\/www.calligo.io\/calligo-announces-investcorp-to-invest-20-million\/"},"modified":"2023-05-16T15:30:52","modified_gmt":"2023-05-16T14:30:52","slug":"calligo-announces-investcorp-to-invest-20-million","status":"publish","type":"post","link":"https:\/\/www.calligo.io\/insights\/blog\/calligo-announces-investcorp-to-invest-20-million\/","title":{"rendered":"Calligo announces Investcorp to invest $20 million"},"content":{"rendered":"\n<p>Calligo, the Channel Islands\u2019 leading cloud solution provider, today announces that it has reached an agreement with Investcorp for it to invest $20 million. This is one of the largest inward investments to be made into a Channel Islands\u2019 technology business.<\/p>\n\n\n\n<p><\/p>\n\n\n\n<p>Founded in 2012, with the aim of leveraging jurisdictions that offer a robust data protection framework, Calligo provides a trusted, privacy conscious cloud solution to businesses across the globe. Calligo\u2019s proprietary cloud platform offers the highest levels of data protection along with application performance guarantees, commercial flexibility and a personalised support service. Calligo services hundreds of clients worldwide from its locations in Jersey, Guernsey, Switzerland, Singapore and Bermuda. The investment by Investcorp will accelerate Calligo\u2019s international expansion with new office locations in Guernsey, North America and the UK.<\/p>\n\n\n\n<p>Calligo is well positioned in the fast growing public cloud Infrastructure as a Service (IaaS) market, which grew 51% in 2015 and is expected to more than triple in size by 2020. Mid-size enterprises represent the fastest growing, most underserved business segment with a cloud adoption rate of only 5%. During the first nine months of 2016 Calligo grew its revenues by over 100% year-on-year. Investcorp has established a market leading position of investing in lower midmarket technology companies with a particular focus on Data \/ Analytics, IT Security and Fintech \/ Payments and has raised more than $1 billion in dedicated technology funds. Other recent technology transactions include the sale of CSIdentity to Experian, the sale of TDX Group to Equifax Inc; the partial exit of Fishnet through a merger with Accuvant; the ultimate full sale of Skrill Group to Optimal Payments (now renamed Paysafe Group plc); and the flotation of Sophos Group plc on the London Stock Exchange.<\/p>\n\n\n\n<p>Commenting on the investment, Julian Box, Chief Executive Officer, Calligo, \u201cWe\u2019re extremely pleased to have found the right partner in Investcorp during this exciting period of growth for the business. I believe Investcorp\u2019s proven track record, global presence and extensive network will support the company\u2019s continued international expansion and product innovation. Our ability to raise funding of this size is a fantastic validation of the business we\u2019ve built and is great for the wider technology industry in Jersey as it\u2019ll bring about increased awareness of the island, create many new jobs and act as inspiration to other local businesses.\u201d<\/p>\n\n\n\n<p>Gilbert Kamieniecky, Managing Director in Investcorp\u2019s Corporate Investment team in Europe, added, \u201cThe mid-tier enterprise segment is lagging behind in adopting cloud solutions. In our view Calligo pairs an attractive market opportunity with a highly compelling product and a proven and experienced management team. With our strong track record of working with fast-growing, founder-owned businesses in the technology space, we believe that we will be a valuable partner to the company as it continues to expand internationally, both organically and through targeted add-on acquisitions.\u201d<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>About Investcorp<\/strong><\/h3>\n\n\n\n<p>Investcorp is a leading global provider and manager of alternative investment products. The Investcorp Group has offices in London, Bahrain, New York, Saudi Arabia, Abu Dhabi and Doha. Investcorp has three business areas: corporate investment, real estate investment and alternative investment solutions (formerly known as hedge funds). As at June 30, 2016, the Investcorp Group had $10.8 billion in total assets under management (\u2018AUM\u2019), including assets managed by third party managers and assets subject to a non-discretionary advisory mandate where Investcorp receives fees calculated on the basis of AUM. Further information, including our most recent periodic financial statements, which details our assets under management, is available at <a href=\"https:\/\/www.investcorp.com\/\">www.investcorp.com<\/a>.\u00a0<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">About Calligo<\/h3>\n\n\n\n<p>Calligo is an innovative cloud service provider offering mid-sized companies the highest levels of data privacy and security. Calligo offers unparalleled application performance guarantees, commercial flexibility and a personalised support service from its globally located cloud platforms. Through its four pillars of focus, Calligo delivers a platform that businesses can trust to deliver the high level of service and protection they expect and is lacking in many cloud offerings.<\/p>\n\n\n\n<p>Q Advisors, a leading TMT investment banking boutique, acted as financial advisor and placement agent to Calligo<\/p>\n\n\n\n<!--more-->\n","protected":false},"excerpt":{"rendered":"<p>Investcorp has agreed to invest $20 million in us. This is one of the largest inward investments to be made into a Channel Islands\u2019 technology business.<\/p>\n","protected":false},"author":33,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1],"tags":[],"post_format_type":[40],"class_list":["post-1874","post","type-post","status-publish","format-standard","hentry","category-blog"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.0 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Calligo announces Investcorp to invest $20 million | Calligo<\/title>\n<meta name=\"description\" content=\"Investcorp has agreed to invest $20 million in us. This is one of the largest inward investments to be made into a Channel Islands\u2019 technology business.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.calligo.io\/insights\/blog\/calligo-announces-investcorp-to-invest-20-million\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Calligo announces Investcorp to invest $20 million | Calligo\" \/>\n<meta property=\"og:description\" content=\"Investcorp has agreed to invest $20 million in us. 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