Leading UK managed IT service provider GCI has secured a £50m acquisition growth fund to support its strategic objectives.

The fund was facilitated via the Royal Bank of Scotland and HSBC in a deal led by GCI’s CFO Mark Allen, and brokered with the support of KPMG.

“This is another great milestone for GCI,” said GCI CEO Adrian Thirkill.

“As an indicator of our resolve to build something special, our investments to date have already positioned GCI as a leading player in Unified Communications, with more than 60 Microsoft-certified professionals within our 300-strong organisation.”

Allen, a veteran of multiple acquisitions at Lincoln-based GCI, added: “GCI has come a long way over the past nine months.

“At the start of the year, we took a long hard look at our operation and our marketplace, and set about finessing an organisation that has been 16 years in the making.

“The securing of this £50m fund is another step in our journey and our relentless pursuit of building a world-class managed services organisation.”

GCI has offices across the UK and operates its own network ring, data centres, application platforms and 24/7 support operation.