Pictured, from left to right, are Ben Carr, Xentra chief technology officer; Marc Fairclough, Xentra chief operating officer; Mark Jones, Xentra chair; Richard Jefferies, Xentra chief financial officer; Henry Doyle, Xentra chief executive; Charles Ramsay, Xentra chief revenue officer; and Lewis Jones, Maven investment manager

IT firm targets growth after £2.7 million investment

An IT firm is eyeing expansion after securing £2.7 million investment.

Xentra plans to bolster senior leadership, secure new customers and increase marketing activity.

The growth blueprint follows backing from Maven VCTs and NPIF II – Maven Equity Finance, which is managed by Maven Capital Partners as part of the Northern Powerhouse Investment Fund II.

Bosses say the support will allow the Leeds-based operator to strengthen its focus “on what matters most: expert advice, responsive support and specialist IT solutions”.

Xentra provides cybersecurity and digital protection services to clients including Leeds United Football Club, Leeds Bradford Airport and JT Atkinson.

Henry Doyle, Xentra chief executive, said: “This investment gives us the resources to accelerate our growth plans and strengthen every part of the business.

“The funding will allow us to invest in our people, our technology and our customer experience, ensuring we continue to deliver the high levels of service now expected as we scale.”

Lewis Jones, Maven investment manager, added: “Henry and the senior team have decades of experience in dealing with cyber vendors to allow them to find the right solutions for customers.

“We’re delighted to invest at this time as the business continues to scale.”

Want your business, product or service to be seen regionally and nationally? Bdaily helps you get your story in front of the right audience, every day. Find out how Bdaily can help →

Join more than 55,000 subscribers by signing up to our daily bulletin each morning here.