About Cloud Cover IT
Cloud Cover IT is a company based in Glasgow (United Kingdom) founded in 1997 was acquired by Aspire in January 2024.. Cloud Cover IT operates in a competitive market with competitors including UST, NTT DATA, Breed Reply, Globant and 1&1 IONOS, among others.
- Headquarter Glasgow, United Kingdom
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Sectors
Technology
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Aspire Technology Solutions Ltd
- Date of Incorporation 18 Dec, 2006
- Jurisdiction GATESHEAD, ENGLAND
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Annual Revenue
$39.18 M (USD)17as on Feb 28, 2023
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Net Profit
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EBITDA
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Latest Funding Round
$394.39 K (USD), Grant
Aug 01, 2019
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Investors
Scottish Enterprise
& 3 more
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Employee Count
Employee Count
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Acquired by
Aspire
(Jan 04, 2024)
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Funding Insights of Cloud Cover IT
- Total Funding Total Funding
- Total Rounds 1
- Last Round Grant — $394,390
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First Round
First Round
(01 Aug 2019)
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug, 2019 | Amount | Grant - Cloud Cover IT | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Cloud Cover IT
Cloud Cover IT has secured backing from 4 investors, including institutional and venture fund investors. Prominent investors backing the company include Scottish Enterprise, Aspire Technology Solutions and UK Steel Enterprise. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Founded Year | Domain | Location | |
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Business development and leadership training programs are offered to companies.
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Founded Year | Domain | Location | |
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Provides loan funding and advice for small and medium enterprises in Scotland.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Cloud Cover IT
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Cloud Cover IT
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Cloud Cover It Comparisons
Competitors of Cloud Cover IT
Cloud Cover IT operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as UST, NTT DATA, Breed Reply, Globant and 1&1 IONOS, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
High-quality office furniture is provided by UST for various needs.
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| domain | founded_year | HQ Location |
Application development, cloud, cybersecurity, and business intelligence services are provided.
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| domain | founded_year | HQ Location |
AI, cloud, and blockchain services are provided globally.
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| domain | founded_year | HQ Location |
IT and digital transformation services are delivered to various industries.
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| domain | founded_year | HQ Location |
Cloud infrastructure and hosting services are provided by 1&1 IONOS.
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| domain | founded_year | HQ Location |
Provider of end-to-end business process outsourcing services
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Cloud Cover It
Frequently Asked Questions about Cloud Cover IT
When was Cloud Cover IT founded?
Cloud Cover IT was founded in 1997 and raised its 1st funding round 22 years after it was founded.
Where is Cloud Cover IT located?
Cloud Cover IT is headquartered in Glasgow, United Kingdom. It is registered at Glasgow, Scotland, United Kingdom.
What is the annual revenue of Cloud Cover IT?
Annual revenue of Cloud Cover IT is $39.18M as on Feb 28, 2023.
What does Cloud Cover IT do?
Cloud Cover IT was established in 1997 in Glasgow, United Kingdom, as a provider of IT support services. Operations are centered in the IT sector, with services delivered to businesses requiring technical assistance and maintenance. The company maintains a presence in the UK market, focusing on reliable support solutions. Leadership is provided by Managing Director Lance Gauld, overseeing daily activities from the Glasgow base.
Who are the top competitors of Cloud Cover IT?
Cloud Cover IT's top competitors include Happiest Minds, 1&1 IONOS and Genpact.
Who are Cloud Cover IT's investors?
Cloud Cover IT has 4 investors. Key investors include Scottish Enterprise, Aspire Technology Solutions, UK Steel Enterprise, and Business Loans Scotland.
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