Connectus secures funding from Time Finance

Connectus Business Solutions has secured new funding with Time Finance that will drive its plans for expansion, including staff hires and acquisitions.

CEO Roy Shelton said: “This new funding will allow us to make even more investments into our fibre network and secure hosting environment.

“It will also allow us to extend our cyber security capabilities and invest in more engineering and support staff.”

The company plans to make acquisitions part of its growth, to increase its offering and geographic reach.

Connectus accelerated revenue growth by more than 47% in the past year. Earnings before interest, taxes, and amortization are now at 18%.