The fast-growing company has been listed for the second year running as one of the fastest growing companies in Europe by the Financial Times. It has also been named ‘one to watch’ by the Telegraph and listed as one of the top 50 best companies to work for in property by Property Week.
Pictured L-R: Back row - Keith Charlton, Ben Houchen and Konrad Rutkowski. Front row - Mark Wilcockson, Emily Bentley and Tony Snaith.
Communicate installs and maintains IT, telecoms services, cyber security and cloud-based services to businesses across the UK, specialising in multi-occupancy commercial properties and business parks.
The £500,000 investment from NPIF - FW Capital Debt Finance, part of the Northern Powerhouse Investment Fund, will see Communicate Technology PLC expand their services into an additional 35 buildings and create new jobs in the Tees Valley.
Tony Snaith, CEO of Communicate Technology PLC said: “In the next 18 months, we’re looking to connect another 35 buildings with our services. The £500,000 investment has been a crucial aspect in developing our growth plans, which will result in recruiting around 10-15 new staff members in the Tees Valley to fulfil those obligations.”
Tony continued: “In addition, we are looking at other acquisition opportunities to further our nationwide presence.”
Keith Charlton, investment executive at FW Capital said: “We are extremely happy to support and invest in Communicate, they have great potential and are growing at a rapid pace and have achieved many accolades.
“We’ve known Communicate for a while, their development team are forthcoming and their growth expectations are realistic and appealing. It is exciting to back their plans, which ultimately will create jobs in the Tees Valley which we are proud to support.”
Ben Houchen, Tees Valley Mayor, said: “This investment by the Northern Powerhouse Investment Fund is a testament to the hard work of everyone at Communicate. The Tees Valley is known the world over of steel, heavy engineering and chemicals, but we are so much more than that. To see digital services firms expand just shows how much potential there is in our region.
“This investment is a vote of confidence in the whole Tees Valley and our skilled workforce.”