![\"datacenter-286386_1920\"](\"https:\/\/www.techsparx.co.uk\/north\/wp-content\/uploads\/2018\/01\/datacenter-286386_1920-300x225.jpg\")
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Beech Tree Private Equity, which has offices in Manchester and Birmingham,\u00a0has acquired a fast-growing provider of cloud data management software and services –\u00a0Redstor Holdings.<\/p>\n
Redstor will\u00a0use the backing investment\u00a0to accelerate product development and support complementary acquisitions.<\/p>\n
The private equity firm had been looking to invest in a company with exposure to the rapid growth in data generated by businesses and selected Reading-based Redstor, which also has operations in South Africa,\u00a0thanks to the company having expanded its offering to incorporate cloud archiving and disaster recovery.<\/p>\n
Redstor also has plans to release data insight functionality soon to address compliance challenges such as the GDPR.<\/p>\n
“We have built a strong relationship with the team whilst building a joint plan for the business over the past months,” said Redstor chief executive Paul Evans. “The injection of capital and expertise will really enable us to take Redstor to the next level \u2013 we have industry leading software and a managed services wrap that truly distinguishes our offering in the market.<\/p>\n
“With Beech Tree\u2019s assistance we will now accelerate our product capability and grow through acquisition. I’ve described Redstor as a hidden gem, it’s the right time now to build the brand and capitalise on the significant investment made in the development of our cloud-enabled software and services.”<\/p>\n
Paul Franks, managing partner of Beech Tree Private Equity, added: “There are a number of drivers for rapid growth in the data management and backup market right now, notably the proliferation of data across different devices and end points, the regulatory changes driving control of corporate data and the increased awareness of the threats posed by cyber attacks which is now a board room issue.<\/p>\n
“Redstor is a leading business in this sector providing data management and backup to SMEs and enterprise customers, our investment will be used to accelerate some of the exciting products in the pipeline, such as instant restoration of data and GDPR search and management and to provide firepower to undertake acquisitions to scale-up the Redstor business.”<\/p>\n
The second funding round was closed in June at \u00a380m and Redstor becomes Beech Tree\u2019s fifth portfolio company acquisition, alongside telematics business RS Connect,\u00a0loan broker\u00a0Fluent Money, telecoms operator Wavenet and Learnlight, an education\u00a0company.<\/p>\n","protected":false},"excerpt":{"rendered":"
Beech Tree Private Equity, which has offices in Manchester and Birmingham,\u00a0has acquired a fast-growing provider of cloud data management software and services –\u00a0Redstor Holdings. Redstor will\u00a0use the backing investment\u00a0to accelerate product development and support complementary acquisitions. The private equity firm had been looking to invest in a company with exposure to the rapid growth in […]<\/p>\n","protected":false},"author":1,"featured_media":6139,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[18,31],"tags":[123],"class_list":["post-1409","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-funding","category-tech-sparx","tag-manchester"],"yoast_head":"\n