About Cloud Cover IT
Cloud Cover IT is a Technology company based in Glasgow (United Kingdom) founded in 1997, and was acquired by Aspire in January 2024. Provider of IT support services. Its focus areas include Business Services, IT Services and IT Support. Its legal entity is ASPIRE TECHNOLOGY SOLUTIONS LTD.
Company details
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.
- Headquarters Glasgow, United Kingdom
- Stage Acquired
- SectorsTechnology
- Email••••••••
- Phone•••• ••••
- Website cloudcoverit.co.uk
- Social LinkedIn X Facebook
- Acquired by Aspire (Jan 2024)
- Legal Name Aspire Technology Solutions Ltd
- Date of Incorporation 18 Dec, 2006
- Jurisdiction GATESHEAD, ENGLAND
- Annual Revenue$39.18 M (USD)17as on Feb 28, 2023
- Latest Funding Round$394.39K (USD), Grant
Aug 2019
- InvestorsScottish Enterprise
& 3 more
- Acquired byAspire
(Jan 2024)
Funding Insights of Cloud Cover IT
- Total Rounds 1
- Last Round Grant — $394,390
- First Round $394,390
(Aug 2019)
- Investors Count 3
All 1 funding rounds of Cloud Cover IT with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug 2019 | $394,390 | Grant | – | – |
4 investors in total: 4 institutional.
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.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
| uksteelenterprise.co.uk | ||||
Business development and leadership training programs are offered to companies. | 1991 | scottish-enterprise.com | Glasgow, United Kingdom | |
Provides loan funding and advice for small and medium enterprises in Scotland. | 2015 | bls.scot | Kilmarnock, United Kingdom | |
Managed IT services and hosted solutions are provided by Aspire. | 2006 | aspirets.com | Gateshead, United Kingdom |
Investor details for Cloud Cover IT
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
People of Cloud Cover IT
1 people are tracked at Cloud Cover IT (1 in leadership).
| Name | Role | Group |
|---|---|---|
Lance Gauld | Managing Director | Leadership |
Complete people profiles for Cloud Cover IT
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Timeline of Cloud Cover IT
3 dated milestones of Cloud Cover IT across 27 years, from founding to its latest funding, stage changes and deals.
- Founded Cloud Cover IT is founded.
- Funding First funding round of $394K.
- Exit Acquired by Aspire.
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Related news about Cloud Cover It
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Frequently Asked Questions about Cloud Cover IT
Cloud Cover IT was founded in 1997 and raised its 1st funding round 22 years after it was founded.
Cloud Cover IT is headquartered in Glasgow, United Kingdom. It is registered at Glasgow, Scotland, United Kingdom.
Annual revenue of Cloud Cover IT is $39.18M as on Feb 28, 2023.
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.
Cloud Cover IT has 4 investors. Key investors include Scottish Enterprise, Aspire Technology Solutions, UK Steel Enterprise, and Business Loans Scotland.
Cloud Cover IT operates through Aspire Technology Solutions Ltd.
Yes. Cloud Cover IT was acquired by Aspire in January 2024.