A Rossendale-based telecommunications provider is in the process of acquiring a North West cloud computing company after receiving support through Two Zero’s Scaleup Resurgence programme.
Matrix247 Communications Group was one of 21 companies to benefit from the fully-funded Two Zero scaleup support, which has helped to create around 50 jobs, expansion opportunities and opened new markets for participating companies.
Matrix247 says the planned acquisition will allow the company to grow its cloud communications capability.
Stephen Pritchard, CEO, Matrix247 said: “The Two Zero Scaleup Resurgence programme helped us to understand what we needed to put in place to realise our vision. It helped us to prepare our business in the right way for sustained growth.
“Rather than laying foundations for a two-storey office building with our traditional support services, we have created foundations for a skyscraper with a world-class service wrap.
“We received a lot of support on value stream mapping and also on people development, which will really help us to integrate staff as part of our acquisition.”
The firm has grown turnover from around £3m to £5.5m and is also in the process of recruiting several new staff members, increasing its headcount from 22 to around 30 as it continues to grow.
Two Zero is a dedicated brand funded by Lancashire County Council helping Lancashire’s scaleup businesses to achieve sustained 20 per cent annual growth. The Scaleup Resurgence programme was delivered by Lancashire based business growth consultancy Cube Thinking.
It was launched in response to Covid-19’s impact on the Lancashire economy and began in July.
The programme included expert masterclasses, peer learning and high-performance coaching tailored to key elements of scaling a business, designed to support participants through the initial steps of coronavirus recovery and help them build a foundation for further rapid growth.