Bath-based cloud computing firm Eduserv is relocating to Bristol after securing a seven-figure funding deal from the Royal Bank of Scotland.
The firm, which employs 130 staff and has a turnover of £15m, has used the secured loan facilities to buy new offices in Portwall Lane, the former Open University base in Bristol.
Eduserv delivers industry-leading cloud computing advice, engineering and support services. Clients include central government departments, a large number of local councils, third sector organisations and UK universities and colleges.
Eduserv also supplies single sign-on software in the UK and internationally, and negotiates favourable software and digital content agreements for all UK universities and colleges.
The firm was established in 1999 and has historically operated from rented premises in Bath, most recently in Railway Place.
Eduserv chief finance officer Nevil Durrant said: “We wanted to own our premises and when we saw the site on Portwall Lane it suited our needs perfectly, giving us the space to relocate and accommodate our planned growth.
“Bristol is a great commercial and an emerging digital hub, offering excellent transport links for our clients and staff. We recently completed the purchase of Gyldan House and plan to move into the new offices in March following an extensive refit. The financial backing provided by the Royal Bank of Scotland has enabled us to deliver this part of our strategy.”
Royal Bank of Scotland relationship director Steven Perrett added: “This is a significant step and a real statement of intent for Eduserv as they relocate to new premises in Bristol, close to the rapidly developing Temple Commercial Quarter. The new offices provide a perfect location within the heart of the city and are close to many of their clients. I am delighted to assist Eduserv with this step forward for the business.”
Pictured: Eduserv chief finance officer Nevil Durrant, centre, with Steven Perrett Royal Bank of Scotland, and Steve Wilson, Royal Bank of Scotland
