CWCS Secures £500,000 for Sustainable Growth

CompuWeb Communications Services (CWCS), a managed hosting provider known for its energy-efficient data centres, has secured a £500,000 debt finance package. The funding was obtained through the British Business Bank's Midlands Engine Investment Fund II, with management by Maven Capital Partners, responsible for East and South East Midlands funds. CWCS, founded by Karl Mendez in 1999, offers diverse IT hosting solutions from its own and leased data centres across key UK locations and North America. The company's commitment to sustainability is reflected in its Nottingham data centre, which boasts a Power Usage Effectiveness rating of 1.15 and utilizes 100% renewable energy. The fresh capital injection is set to enhance CWCS's colocation hosting services by providing dedicated facilities for IT infrastructure, aiming to meet the increasing demand for such services driven by trends like edge computing. CWCS serves a varied clientele, including major corporates and public sector bodies. This strategic expansion is meant to accelerate CWCS's growth momentum, enabling it to further leverage its reputation for reliability and customer focus. Maven's Jonathan Lowe and British Business Bank’s David Tindall highlighted the alignment of this investment with regional economic development goals, noting the opportunity to boost business capabilities and economic outcomes in the Midlands. The article also mentions the Fund's diverse investment portfolio, emphasizing Maven’s flexibility in providing loans ranging from £100,000 to £2 million to support various business growth stages.