Aspire is a fast growing IT managed service and cyber security provider based in North East England, with offices in Gateshead, London and Stockton-on-Tees
Aspire Technology Solutions has secured an investment from UK mid-market private equity firm LDC valuing £85 million.
The company employs over 200 people and was launched 15 years ago by CEO Chris Fraser, with plans to create more than 150 jobs in the North East across its new HQ and base.
The business has seen revenue rising to £30 million in the last 12 months of trading, growing over 48 per cent over three years.
Aspire delivers technology solutions across cloud, connectivity, voice, technical support and cyber security, and LDC’s partnership will support its management team to pursue organic growth, acquisitions and expand into other UK markets.
Aspire Technology Solutions CEO Chris Fraser said: “Working with a leading investor that’s right on our doorstep in the North East was really important to us.
“LDC has an extensive history of supporting businesses just like ours to grow and is passionate about helping us to deliver on our vision to provide cutting edge technology to our clients.”
LDC Partner and head of North East Gareth Marshall added: “Aspire’s growth, especially over the past three years, is a true testament to the ambition of Chris and his team.
“We can see a real opportunity to support the growth of Aspire across the UK and we’re excited about working with the management team to deliver on this.”