NorthEdge Capital is supporting cloud services specialist iPortalis with a multi-million pound growth capital investment to assist with its global expansion.

As organisations increasingly move to cloud computing, Harrogate-based iPortalis helps international organisations aggregate their solutions, ensuring that all technology procurement, deployment and license and asset management procedures can be handled by IT teams via one device.

At the core of the iPortalis service is their iPortalis Control Portal (iCP). This cloud software portal gives IT teams the ability to purchase, deploy and manage over 30 leading applications from Microsoft, Cisco, Citrix, Symantec, VMware, Acronis and other renowned suppliers.

iPortalis employs a large team of cloud software experts across its offices in the UK, Europe and USA. As the company is not tied to the products of a specific manufacturer, its strong global portfolio ranges from multinational enterprises to several of the world’s largest hosted service providers and telecoms giants.

The investment will be used to further expand iPortalis’ client base, continuing to strengthen its industry leading technology and tripling its staff to 60 people across the globe.

Neil May, CEO at iPortalis, said: “The pressure is on global organisations to move their cloud strategies to the next level by creating greater value from their investments and using cloud as a key marketplace differentiator. It’s a challenge that calls for a new mindset in the way that ICT services are purchased, deployed, measured and managed.

“Partnering with NorthEdge Capital will turbo charge our platform and services development, whilst adding significant global resources to expand the iPortalis sales, marketing, customer services and support teams. We’ve been hugely impressed with NorthEdge’s understanding of our business, the marketplace opportunities we have, and their ability to react at a strong pace with investment decisions and process. We are very excited to be partnering with them on the next phase of our journey.”

James Marshall, investment manager at NorthEdge Capital, comments: “iPortalis is led by an expert management team in Neil and Eric, who have demonstrated a track record of success in the tech sector. The drive towards consumerisation of IT within large, complex global enterprises has created a number of pain points that are addressed by the iPortalis value proposition. We look forward to supporting the team on its continued international expansion plans.”

NorthEdge was advised by Dan Rosinke and Richard Goldsack of Grant Thornton (corporate and financial due diligence), Paul Mann and Craig Pettit of Squire Patton Boggs (legal), with Roland Berger handling commercial matters and Intechnica advising on the commercial aspect to the deal. iPortalis was advised by Oakley Advisory for corporate finance matters and their legal support came from Hitesh Tailor and Sarah Harrison of Clarion.