MediaCityUK based, leading network operator, Vaioni secure multi-million-pound investment from Panoramic
Following ambitious growth plans announced last year, multi award-winning, MediaCityUK- based, high-speed network operator, Vaioni Group Limited, (located in Tomorrow building) have confirmed that it has successfully secured a multi-million-pound investment.
The investment has been granted by Panoramic Growth Equity, a leading equity investor in fast-growing entrepreneurial UK companies, taking the total funds raised to £5.5m.
The funds secured will allow Vaioni, which continues to disrupt the UK SME & mid-markets with its award-winning connectivity & WAN portfolio, to achieve its growth plans for expansion.
Sachin Vaish, founder and Managing Director commented: “Vaioni has scaled significantly in recent years and we are incredibly proud to be recognised not only as an award-winning leader in our sector, but as a credible and trusted business partner.
“Receiving this investment takes our total fund raise to £5.5m and will enable us to accelerate the business’s growth strategy. This includes the rollout of our Software Defined Network strategy, bringing first-to-market network automation directly to our customers and enhancing our product range with disruptive unified communications, internet security and Cloud technologies.
“Ultimately, our goal is to become the Digital Transformation Partner of choice for our existing and new customers and we look forward to working closely with the team at Panoramic.”
In addition to developing its product and service offering to ensure it remains at the forefront of technological developments and supporting business across the UK in facing the challenges presented by the current digital economy, Vaioni also has wider business objectives.
Utilising the investment raised, the company will also adopt a strategic approach to allow it to enter into new markets as well as driving a focus on its people strategy, which Vaioni places at the heart of its business.
Vaioni has seen continuous growth since its establishment in 2008 and is integrated with all of the UK’s major Ethernet providers, including BT, Virgin and TalkTalk Business and this combined with its forward-thinking approach and strong growth, makes it a great partner for Panoramic.
David Wilson, Partner at Panoramic, commented: “We are delighted to support Sachin and the rest of the team at Vaioni to help them continue their growth journey.
“We have been particularly impressed by the growth that Vaioni has achieved to date, the strength of the management team and the opportunity for Vaioni to expand its network and product portfolio across the UK.”
David Wilson will join the Vaioni Board as part of the agreement. Wilson comments, “We are excited to be involved and will now take an active role in helping the business grow further.”
Vaioni were advised by James Wild and Christian Hitchen of RSM (financial) and Ian Riggs, James Down and James Redshaw of Hill Dickinson (legal). Panoramic’s investment into Vaioni was led by Partner David Wilson and supported by Investment Manager, Jake Wilson. Panoramic were advised by David Easdown and David Hayes of Knights plc (legal), Lyn Calder and Lauren Malcolm of Anderson Anderson Brown (financial), and Chris Jagusz of Sun Hill advisory (commercial).
About Vaioni Group Limited
Founded by Sachin Vaish in 2008, Vaioni Group Limited continues to disrupt the UK SME & mid-markets with its award-winning connectivity & WAN portfolio. Using its ultra-reliable National Ethernet Platform – V.E.N, the company has positioned itself firmly as a market-leader for the provision of Ethernet and Cloud services to new and existing customers.
Vaioni’s network currently connects 250,000 postcodes across 100 UK cities and towns with super-fast 100Mbps – 10Gbps internet speeds. It has developed strategic relationships with the UK’s top carriers to improve expansion and reach locations outside of its own network.
Vaioni is proud to offer high-availability, ultra-fast connectivity solutions, combined with 100% core network availability and extraordinary customer service and engagement. It is integrated with all of the UK’s major Ethernet providers, including BT, Virgin and TalkTalk Business.
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