From the Wires
Calligo Limited Successfully Complete a $2.6m Investment Round With a Further $5m Credit Line
The Investment from Andrew Crawford fuels Calligo's offshore financial centre expansion plans which include Switzerland, Cayman and Singapore plus accelerates additional hires
By: Marketwired .
Jan. 15, 2013 04:00 AM
JERSEY, UNITED KINGDOM -- (Marketwire) -- 01/15/13 -- Calligo, the Channel Islands' only dedicated cloud services provider, today announced the completion of multiple-million dollar investment into Calligo by venture capital firm Ti23. Ti23's principal, Andrew Crawford, has previously built, and sold, several successful digital enterprises, including The Book Depository that was acquired by Amazon (AMZN) in November 2011.
Calligo Ltd was only formed towards the end of 2011 and has successfully ramped its business in the past year, with its cloud services now being utilised in many organisations across the Channel Islands. The investment received will accelerate business plans to expand into other offshore territories and create more than 50 new jobs in Jersey, plus many more in the expanded jurisdictions over the next two to three years.
"I am very excited to be involved with Calligo, the business has got off to a great start and the opportunity to be part of the expansion of the business into other offshore financial centres is compelling," stated Andrew Crawford. "My intent is to draw on my experience of growing digital businesses and apply that to the cloud services offering of Calligo; there are many parallels to the business models and the innovation I see within Calligo's offering is unique in my experience."
"While VC (venture capitalist) funding in Silicon Valley is relatively easy to access for start ups, funding for innovation in the UK and Channel Islands is less easy to come by. Andrew will become our Chairman of the Board and I look forward to working with him on our expansion plans over the coming years," commented Julian Box, CEO and founder, Calligo. "By securing such a large investment is testament to the strength of our business and vision of a global set of vertical focused offshore clouds linked together as a federation, which offers our clients a single access to multiple jurisdictional based services and allows us to guarantee our clients' data residency."
"With the growing worries around The Patriot Act and FISA and what this means for the security of information being held around the world, the physical location of cloud-based storage of data and the applications it is dependent on is becoming critical. Those cloud providers capable of offering a secure, responsive and storage assured service will gain greater prominence through 2013 as organisations wake up to the need for complete knowledge of where their date resides," commented Clive Longbottom, Service Director, Quocirca.
Calligo is the Channel Islands' only dedicated cloud service provider. As the team credited with bringing virtualisation and cloud computing to the Channel Islands Calligo has over 25 man years of practical experience delivering and running cloud services.
Calligo offers comprehensive cloud transformation programmes where applications, data and business processes are aligned to deliver the true benefits of cloud based services, providing clients with the reality of true agile computing in the most efficient methods possible.
Ti23 is a venture capital firm specialising in seed and early stage investment. The firm seeks to invest in technologically biased European ventures from $200,000 to $3 million. It aims to cooperate with and support outstanding entrepreneurs and managers to build substantial and sustainable businesses. Ti23 Ltd is based in Jersey in the Channel Islands; the principal, Andrew Crawford, has a track record of building some of fastest growing businesses in Europe including The Book Depository acquired by Amazon in 2011.
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