Sector

Aspire Technology Solutions is one of the fastest-growing IT managed service and cyber security providers in the UK.

Investment type
  • Management buyout
Deal value

£85m

The Team
LDC Team
Quote mark

Working with a leading investor that’s right on our doorstep in the North East was really important to us. LDC has an extensive history of supporting businesses just like ours to grow.”

Chris Fraser, Founder and CEO
Aspire Technology Solutions

Expanding its services and footprint

In 2024, Aspire announced it will be moving into a larger city centre office, located in the heart of Glasgow’s vibrant commercial district.  Aspire’s headcount surpassed 280 in August 2024, with a notable 35% increase in Glasgow alone and additional recruitment planned to support its Glasgow operations. The new office will provide a more dynamic and collaborative environment for the team, aligning with Aspire’s commitment to innovation and excellence.

The announcement of this office move, coincided with significant growth for Aspire, with the business reporting a 23.6% increase in revenue, reaching almost £40m. Aspire has also invested £1.7m to advance its private cloud technology stack and expand its connectivity network to support the significant growth it is also seeing in number of clients.

The business has also been on an acquisitive growth journey, completing the acquisitions of Cloud Cover IT, a dynamic managed service provider based in Glasgow and Leeds-based CloudCoCo, an experienced managed service provider, which will bring in £10m in additional revenue and approximately 300 new customers to Aspire, setting the stage for future growth.

Quote mark

We remain focused on our mission of putting technology to work to drive customer innovation, efficiency, and growth.”

Rob Fraser, Chief Revenue Officer,
Aspire Technology Solutions

Raising the ambition bar

Featured in Commsdealer, Aspire CEO Chris Fraser outlines plans to hit £50m revenue based on a set of strategic principles that remain unchanged from the day the MSP was established.

Read More

Awards

Sustainability in Tech Award

Dynamites24 Awards

Entrepreneur of the Year (Chris Fraser)

North East Dealmakers Awards 2024

SME Sustainability Award

North East Automotive Alliance Awards 2023

100 fastest-growing technology companies in the North of England and Scotland (No. 99)

Northern Tech Awards 2022