Gateshead tech brand announces £200m investment
A Gateshead-based brand has announced the completion of a £200m investment.
Aspire Technology Solutions, the UK’s leading provider of managed IT and cyber security has secured a new round of investment from private equity investor LDC.
LDC has reinvested for a significant minority alongside new minority co-investor Federated Hermes.
Founded in 2006 and headquartered in Gateshead, Aspire supports more than 2,000 organisations and over 30,000 end users across the UK.
The company has established itself as one of the UK’s fastest-growing technology providers, with more than 300 staff across its offices in Gateshead, Glasgow, Leeds, London and Stockton. Aspire exceeded its £50 million revenue milestone in the financial year to February 2025.
Chris Fraser, founder and CEO of Aspire, said: “This investment marks an important new phase for Aspire. Our growth has always been driven by a clear focus on our customers and on delivering innovative solutions with exceptional service. That focus has set us apart and it remains the foundation of everything we do.”
“LDC has supported our ambition since 2022 and their continued partnership as a lead investor, now alongside Federated Hermes, gives us the platform to move forward with confidence. Our direction is clear.
“We will continue to scale through sustained organic growth and customer focus. This investment enables us to further strengthen our capability and deliver across the UK. We see significant opportunity ahead and we are committed to growing in a way that brings customers even greater value, service and security.”