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ITS Secures Additional Private Equity Injection to Deliver UK Full Fibre Infrastructure

ITS Technology Group (ITS) has secured further investment from funds managed by Maven Capital Partners to support the growth of its full fibre digital infrastructure in metro and rural areas. This latest round includes finance from the Northern Powerhouse Investment Fund (NPIF), Maven Venture Capital Trusts (VCTs) and other private shareholders.

Headquartered in Chester, ITS is using this fresh equity injection to continue to commercialise and grow its full fibre footprint. Investments will be made in new networks and expansion of the major networks in Bristol, Hereford, London, Nottingham and Tameside.

“As a long term investor, our continued support of ITS is a reflection of the confidence we have in its management team, business model and approach. We are excited to be part of the company’s next phase of growth while in the safe hands of Daren Baythorpe and his senior management team.”

Ryan Bevington, Investment Director, Maven

“Since taking the reins of ITS, my focus has been on making the business more sustainable and getting us into great shape to continue our rollout of ultrafast digital infrastructure at pace. Maven’s continued support both validates and underpins our approach to support the government’s and Ofcom’s full fibre vision. I am delighted to have reinforced our long term partnership.”

Daren Baythorpe, ITS’ CEO

“The provision of regional funding streams is vital for ambitious innovative companies that are looking to grow. We are pleased to participate in this latest funding in ITS, which will help to support the company as it targets new networks. We are proud that NPIF continues to support fast growing businesses across the North.”

Grant Peggie, Director at British Business Bank

ITS’ focus will remain on its successful ‘dig once’ approach, working with local authorities and landowners to reuse infrastructure to reduce the costs and accelerate the time to build new full fibre networks.

The Northern Powerhouse Investment Fund project is supported financially by the European Union using funding from the European Regional Development Fund (ERDF) as part of the European Structural and Investment Funds Growth Programme 2014-2020 and the European Investment Bank.

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Dave Ferry
Chief Sales Officer

As Chief Sales Officer, Dave leads the sales strategy at ITS, driving growth and strengthening customer relationships. Overseeing commercial success across Partner Markets, Public Sector and Major Business, Dave uses his 20 years of telecoms experience to build high-performing teams and deliver innovative solutions that meet market demands.

Previously, Dave held senior roles at Virgin Media Business, leading successful teams in various market segments.

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Kevin McNulty
Strategy Director

Kevin leads the Strategy team in ITS, comprising the core functions of network Investment (including M&A), regulation, public affairs, product management and marketing. With over 4 years’ experience within the leadership team of ITS, Kevin has played a pivotal role in shaping the business direction as it has grown to be a leading provider of B2B wholesale connectivity.

Prior to ITS, Kevin has a long background in the industry, having held senior positions in BT, Virgin Media, KCOM and NTT – as well as a period spent in consultancy.

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Claire Davies
People & Culture Director

Claire is the People and Culture Director for ITS, responsible for ensuring we provide a great place to work, with amazing people who are happy, productive, and engaged.

A CIPD qualified HR professional with previous industry experience at Amey, as well as more recent experience in a number of small businesses, Claire is passionate about putting people first in order to grow the business.

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Mike Goodwin
Chief Technology Officer

Mike is responsible for all technical, operations, customer service and security within ITS. Using his degree in Electrical and Electronic Engineering, and MBA from Manchester Business School, Mike focuses on how ITS can introduce and support complex solutions designed to create customer-focused teams that ensure exceptional experience. On top of his extensive career history spanning TalkTalk, Hyperoptic and Fibre Nation, Mike is a Chartered Engineer and Fellow of the IET.

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Charlie Versi
Chief Operating Officer

Charlie leads ITS’s end-to-end operational delivery, with a focus on service excellence and delivering an outstanding experience for both partners and their business customers. His appointment will help build on the company’s strong foundations – driving transformation, quality, and innovation and using them as key enablers of continued growth.

Daren Baythorpe
Chief Executive Officer

Daren is a dynamic leader who drives the strategy, growth and direction of ITS. Daren has significant utility / telecoms sector experience and has held several board-level leadership and advisory positions for a number of organisations including Severn Trent Water and BT. He served on the Board of Openreach, where he held executive responsibilities as Director of the Customer Service Division, Director for Field Engineering then latterly serving as Managing Director of the Business Division.

Daren also regularly advises and collaborates with government and other regulatory / telecoms bodies on sector-related issues. His in-depth knowledge and understanding of the requirements of operators and high capacity data users, through his vast experience across the industry, mean that ITS is thriving under his leadership

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Kevin Gaskell
Chairman

Kevin leads our board and is responsible for giving strategic advice and counsel, as well as attracting and driving investment. Kevin is recognised as one of the most successful leaders of his generation, having led iconic brands such as Porsche, Lamborghini and BMW. A highly experienced serial entrepreneur and private equity chairman, he has led multi-billion-pound global organisations; and also founded startups such as Epyx Limited, building it up to become the market leader for automotive e-commerce solutions.

Kevin has received multiple accolades; highlights include making the ‘UK’s top 40 leaders under 40’ list, chairing the ‘best UK private equity investment of the year’, and being a founder of award-winning start-up companies across the globe.

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