Investment type
- Carve out
OnApp helps to simplify the IT systems used by its customers by providing powerful cloud platforms.
More than 3,000 companies in 93 countries use its software. It has staff across Europe, America and Asia-Pacific and is headquartered in London.
The business was spun off in 2011 from its parent company, the UK2 Group.
Support for growth
We provided development capital to support OnApp’s growth plans.
During its partnership with LDC, OnApp added a global CDN to the OnApp platform, enabling its customers to reach over 170 locations on demand and accelerate video, application and website delivery for their customers.
We also supported the business to acquire SolusVM, the virtual server management system used by thousands of service providers to offer Infrastructure-as-a-Service cloud hosting.
Virtuozzo, a global leader in high-efficiency virtualization and hyperconverged software solutions, acquired OnApp in 2021.