KBS Corporate Secures Investment for Secure Web Services Limited
Shropshire based Secure Web Services Limited provides fixed wireless access network, specialising in offering flexible and affordable superfast broadband to properties across the county. The company was established in 2000 and has developed a strong client base. Secure Web Services Limited differentiates itself in the marketplace through its extensive coverage and is dedicated to achieving reliability and quality through the Company’s strong technical ability.
Christopher New, the current shareholder, instructed KBS Corporate with the sale of his business in order to facilitate further business development. Due to the desire to achieve further growth, KBS Corporate implemented a research strategy with a primary focus on private equity firms, with additional interest being generated from UK trade buyers.
The successful offer came from Rural Broadband Solutions PLC, formerly SAPO PLC, who invests in rural broadband providers which demonstrate high levels of growth and expansion potential. The acquisition will enable Christopher New to remain in Secure Web Services Limited, and the company will continue to benefit from growth and investment.
Keith Harris, Executive Chairman of Rural Broadband Solutions, commented: “We are delighted to be concluding this acquisition and fundraising, which will give investors an opportunity to benefit from exposure to the underserved rural broadband market. We will drive growth in Secure Web Services Limited’s already loyal customer base, through planned network upgrades eligible for Government funding and through selective appropriate acquisitions.
“Developing this sector is a crucial element to the future growth of the UK economy, with so many people relying on a good broadband connection in all areas of the country. We thank existing and new shareholders for their support and look forward to updating the market with further progress in due course.”
Secure Web Services Managing Director Chris New added: “I am excited to take SWS through this important milestone of becoming a listed company.
“The landscape is certainly changing as more and more people work from home and the average family requirements of broadband speed in this rapidly changing digital world is only increasing.
“We currently provide super-fast broadband (30mbps+) to customers in rural areas who otherwise would struggle to achieve 1 mbps from Openreach partners.
“We are now ready to build on our 2,300 strong customer base and upgrade our network to deliver Gigabit services across Shropshire and further afield into other rural areas.”
Fabio Rambelli, KBS Corporate Associate Director, advised Secure Web Services Limited throughout the process.