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WiFi Provider Wifinity Secures £10m Investment from Clydesdale Bank

Thursday, February 23rd, 2017 (8:54 am) - Score 695
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Wireless ISP Wifinity, which specialises in deploying WiFi style networks to holiday parks, events, social housing and the armed forces, has won an investment of £10 million from Clydesdale Bank that will help to upgrade existing networks and expand further across the United Kingdom.

At present some of Wifinity’s customers include: the MOD, Park Resorts, Harvey Nichols, Serco, RedCentric, and Holiday Resort Unity. It also has installations at key sites including: Buckingham Palace, the Tower of London, Edinburgh Castle, Royal Military Academy Sandhurst, RAF Cranwell and Britannia Royal Naval College.

Over the past year they’ve also won the ‘Best Consumer Customer Service’ award at the 2016 ISPA Awards, were listed on the Sunday Times Tech Track 100 and won the Megabuyte Emerging Stars – Best Performing Company Telecoms and Networks.

Aubone Tennant, co-CEO of Wifinity, said:

“By entering a long-term business relationship with Clydesdale Bank, we can continue to respond to market opportunities as they arise, as we have since founded the business in 2007. Since that time we have delivered WiFi to more than 1,500 buildings in 120 locations with more than 120,000 devices connecting to our networks each month.

Each network has different complexities based on location and the make up of sites so it is critical we constantly innovate in order to deliver the superfast WiFi to any business.”

Meanwhile Mark Cook, Director of Corporate and Structured Finance at Clydesdale Bank, said that their investment would enable the ISP’s management to “drive the business forward and expand into new contracts and markets.”

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