Databarracks, the technology and business resilience specialist, has set its sights on continued expansion having secured a significant growth finance facility from business bank Allica Bank.
It comes following Databarracks’ acquisition of Glasgow-based PlanB Consulting last month, which it completed to further enhance its Business Continuity and Resilience consulting practice.
This extra funding from Allica will give the London business the scope to continue its fast growth at a time when the need for business and cyber resilience has never been greater. Alongside investing back into its services and achieving organic growth, Databarracks says further acquisitions could be on the cards, too.
James Watts, Managing Director at Databarracks commented, “The importance of cyber resilience for businesses of all sizes cannot be overstated. Our view is that the only way to guarantee continuity is through a truly integrated approach. The problem is, there are no specialists left able to provide genuine end-to-end resilience services. Databarracks is proud to help organisations prepare for, respond to and recover from the ever-growing cyber threat. We make enterprise-class continuity, security, and resilience accessible for all.
“This growth finance facility from Allica Bank has given us the working capital headroom to continue our growth to reach more businesses, and potentially acquire other firms, too, if the right opportunity comes along. The dedicated support of our relationship manager and Allica’s flexibility was vital in being able to get this done. We look forward to growing with them into the future.”
Jon Bennett, Allica Bank’s Growth Finance Sales Manager, who worked closely with the Databarracks team, said, “we’re delighted that Allica have been able to support Databarracks with this growth finance facility. By taking the time to understand their business and aspirations, we could see what a strong future they have ahead. We look forward to supporting them on that journey!”
Max Berglas, the dedicated relationship manager for Databarracks at Allica Bank, said, “Databarracks are an exciting London tech firm providing a vital service to UK businesses. I am really pleased to work directly with their team as they continue to expand.”
Simon Turner from SJT Advisory Limited, who helped Databarracks find the right lender and connected them with Allica, said, “Allica took a unique approach to understanding what the business wanted to do and its potential. Their customer-centric approach made them the ideal partner for Databarracks, who take a similar approach to their own clients. It’s fantastic to support such an exciting business and help futureproof their growth.”
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About Databarracks
Databarracks is the technology and business resilience specialist.
In 2003, we launched one of the world’s first managed Backup services to bring indestructible resilience to mission-critical data.
Today, we deliver award-winning IT resilience and continuity services. We help organisations get the most out of the cloud and protect their data, wherever it lives.
And we back this up with unbeatable support. There’s no such thing as ‘above and beyond’ for our engineers because they only work to one standard: to keep your systems running perfectly.
Enterprise-class continuity, security, and resilience. Accessible for all.
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Avinash Nandra/Alex Henderson
Spreckley Partners Ltd
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Tel: +44 (0) 207 388 9988
