- Modern Networks, a UK-based provider of IT Managed Services and Connectivity to the Real Estate and Construction industry, received a £40m investment from Horizon Capital
- Alongside Horizon Capitals investment, debt finance for the acquisition and a committed facility for acquisitions has been provided by specialist SME lender DunPort Capital Management
- The company intends to use the funds to pursue acquisitions alongside its organic growth within the commercial sector and also in adjacent sectors
- Modern Networks provides IT Support, connectivity and communications in an integrated solution to over 2,000 sites across the UK
- From its support centre in Hitchin, the company delivers a 24/7 service to users and serves a number of the largest commercial property managers in the UK
- Reeve will joined by Chairman Lee Shorten, who was previously UK MD of Avaya and Acquisitions Director Andy Roberts, formerly CEO of Horizon portfolio company Sabio
