KTSL secures £500k from FW Capital to fund expansion into Manchester.
The Wiltshire technology firm has raised debt finance from FW Capital to support its relocation and recruitment plans.
KTSL is a technology partner and reseller specialising in BMC software products and professional services. The firm provides an online platform that simplifies and automates IT processes.
KTSL has secured £500k in debt finance from FW Capital through the Northern Powerhouse Investment Fund to support its expansion from Wiltshire to Manchester. The company has experienced rapid revenue growth over the past year, doubling sales to £10m.
The capital will fund relocation expenses, increased marketing efforts, the recruitment of six new staff members, and continued software development. KTSL aims to build on recent client acquisitions in the North of England as it targets a turnover of £13m in the coming year.
From the founder
"Ours is a very niche and specialised area within the Business Service Management market place. We have spent the past several years researching and developing our technology to provide an online platform that simplifies and automates IT processes, improves decision-making, and orchestrates workflow across cloud, virtual, distributed, and mainframe resources."
Rob Marks
Chief Executive at KTSL
Investor perspective
"With DropJaw working as part of the team providing interim CFO and advisory services to the board we see this trend continuing into the following year as more and more companies make the switch to our technology, recognising the far-reaching benefits we offer in terms of efficiency, cost-saving and security."
Roy Shelton
Managing Partner, DropJaw Ventures
Use of funds
- 01Grow the team
- 02Continue product development
- 03Invest in sales and marketing
- 04Scale operations
