IntY gears up to go global after acquisition by VC Weather

Bristol-based hosting and cloud player claims buyout by investment heavyweight is an endorsement of UK tech IP

Hosting specialist intY claims its acquisition by Weather Investments II is a shot in the arm for UK tech intellectual property as the Bristol-based company gears up to go global.

The 15-year-old UK firm, which set up north American operations in Florida last year, owns the Cascade cloud delivery platform. The plan is to take the technology into Asia-Pacific and Latin America, as well as to deepen its reach in the US and EMEA.

IntY chief executive Chris Baldock told ChannelWeb that his firm had been seeking investment for more than a year to help it expand its footprint.

"This is not [a case of] ‘Channel player X has raised a few million in private equity', this is an absolute step change," he said.

Weather, which works alongside sister company Accelero Capital, already has a number of tech investments in its portfolio, as well as companies in a number of other industries. The backing of the investment house will allow the UK hosing player to splash the cash on additional headcount and marketing activities, according to Baldock.

"As the market matures, you may well also see M&A activity out of intY imminently," he added. "We have a very clear business plan for the next 36 months that is a combination of buy and build [and organic growth]."

All of intY's senior management are remaining in place and Baldock (pictured) expects the company to continue to operate autonomously as its own entity. He concluded that today's announcement is an endorsement of UK intellectual property.

"We are out there against first-generation [platforms from the US] and we have absolutely outmanoeuvred them with our reading of the marketplace," he said.