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DataCentred secures expansion finance

DataCentred, the Manchester based provider of open source cloud computing and datacentre storage capacity, has secured some £1million in financing will it will use for further expansion.

The company – which was set up in 2012 by Mike Kelly – received £500,000 loan from Barclays and which was matched by a further £500,000 investment from existing investors, including The Greater Manchester Combined Authority and venture capitalist Jon Moulton, according to a report in the Manchester Evening News.

It will allow DataCentred to expand their OpenStack infrastructure and grow its workforce….Read more