ITS Technology Group Limited
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ITS Technology Group Limited - overview
Established
2011
Location
-, -, UK
Primary Industry
Telecoms
About
Based in the UK, ITS Technology Group Limited specializes in providing advanced full-fibre connectivity solutions that meet the evolving demands of business applications. ITS Technology Group Limited, founded in 2011, operates in the full-fibre connectivity sector, focusing on delivering high-quality internet solutions. The company has completed a total of 5 deals, with its most recent funding round, a VENTURE DEBT of USD 100. 00 mn, occurring on October 24, 2023, with investment from Avenue Capital Group.
The company is led by CEO Daren Baythorpe. ITS Technology Group specializes in providing advanced full-fibre connectivity solutions tailored for business applications. Their core product offerings include Dedicated Internet Access (DIA), delivering uncontended, guaranteed symmetrical bandwidth, and FibreBright, designed for comprehensive digital needs. Another product, FibreLight, offers burstable connectivity for businesses requiring flexible bandwidth during peak periods.
Additionally, FibreOne provides gigabit-capable connectivity suitable for smaller enterprises, targeting sectors such as public services, education, and telecommunications, primarily within major urban centers in the United Kingdom like London, Liverpool, and Manchester. For the most recent year, 2022, ITS Technology Group reported a revenue of USD 21. 09 mn, with an EBITDA of USD -799,368. 90.
Following its recent funding round in October 2023, where ITS Technology Group Limited raised USD 100. 00 mn in VENTURE DEBT from Avenue Capital Group, the company aims to accelerate its growth strategy by expanding full-fiber networks to business locations and exploring strategic acquisitions to enhance its service offerings.
Current Investors
Maven VCT, Northern Powerhouse Investment Fund, Aviva Investors
Primary Industry
Telecoms
Sub Industries
Telecoms Providers & Services, Internet Service Providers
Website
www.itstechnologygroup.com
Verticals
Mobile Apps
Total Amount Raised
Subscriber access only
ITS Technology Group Limited - timeline of key events
ITS Technology Group Limited - financials
| Fiscal Year Ended | Dec 31, 2016 | Dec 31, 2017 | Dec 31, 2018 | Dec 31, 2019 | Dec 31, 2020 | Dec 31, 2021 | Dec 31, 2022 | Dec 31, 2023 |
|---|---|---|---|---|---|---|---|---|
| Revenue (USD) | - | - | - | - | - | - | - | - |
| % Revenue Growth (YoY) | - | - | - | - | - | - | - | - |
| EBITDA (USD) | - | - | - | - | - | - | - | - |
| Operating Income (USD) | - | - | - | - | - | - | - | - |
| Operating Margin | - | - | - | - | - | - | - | - |
| % EBITDA Margin | - | - | - | - | - | - | - | - |
| NET Income (USD) | (2,312,292) | (3,558,298) | (3,110,708) | (4,920,319) | (2,496,974) | - | - | - |
| % Net Margin | - | - | - | - | - | - | - | - |
ITS Technology Group Limited - employee data
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