Bristol tech company set to expand following £1.8m NatWest funding - Insider Media
Summary
A Bristol-based company, which specialises in high-performance server technology, is set to expand into new markets following \xa31.8m funding from NatWest.The funding will enable Exacta Technologies to expand its operations to the US.It comprises \xa31.5m in working capital and growth financing, as well as \xa3300,000 for refinancing.The business, founded in 2001, specialises in bespoke technological services that provide reliability and high-performance capability for its global clientele.The deal was said to mark the latest successful expansion for Exacta Technologies, which moved to a 20,000 sq ft production facility in Emersons Green, Bristol, in March 2020.Exacta is also hoping to create new job opportunities in Bristol, hiring around 20 new employees in the next 12 months.Nick Rogers, chief executive of Exacta Technologies, said: "Weve built our business on strong, enduring partnerships, and this investment from NatWest is a testament to the relationship we have built together and the confidence they have in our vision and capabilities. The funding will allow us to explore new markets and continue our growth trajectory, ensuring we can attract new customers in the USA and provide them with a world class service. "Louis Spencer, relationship director at NatWest, said: "Exacta Technologies has demonstrated remarkable growth and innovation over the years and are a fantastic example of the depth and breadth of our technology eco-system here in the West of England. "Its been a pleasure to work with the management team at Exacta and we are proud to help facilitate this latest expansion into US markets and back their commitment to growth in employment, sales and export activity for the region. "We look forward to seeing their continued success as they expand and grow within the sector."
Funding
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