Background
Modern Networks provides IT Support, connectivity and communications in an easy to consume integrated solution to over 1800 sites across the UK. From its support centre in Hitchin, the business delivers a high quality 24/7 service to users and serves a number of the largest commercial property managers in the UK.
Deal Summary
Horizon Capital, a UK-based technology services Buy & Build specialist, has invested £40 million in Modern Networks, a provider of IT managed services and connectivity solutions to the real estate and construction industry. This investment aims to support Modern Networks' ambitious growth strategy, enabling the company to pursue acquisitions alongside its organic growth within the commercial sector and adjacent markets.
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