Technology and business resilience specialist, Databarracks, has secured a growth finance facility from Allica Bank to help fuel its further expansion.

Alongside investment into its services and organic growth, Databarracks says further acquisitions could be in the pipeline, following its recent acquisition of Plan B Consulting.

Databarracks managing director James Watts said: “The importance of cyber resilience for businesses of all sizes cannot be overstated. Our view is that the only way to guarantee continuity is through a truly integrated approach. The problem is, there are no specialists left able to provide genuine end-to-end resilience services. Databarracks is proud to help organisations prepare for, respond to, and recover from the ever-growing cyber threat. We make enterprise-class continuity, security, and resilience accessible for all.

“This growth finance facility from Allica Bank has given us the working capital headroom to continue our growth to reach more businesses, and potentially acquire other firms, too, if the right opportunity comes along. The dedicated support of our relationship manager and Allica’s flexibility was vital in being able to get this done. We look forward to growing with them into the future.”

Simon Turner from SJT Advisory, which supported Databarracks with the transaction, added: “Allica took a unique approach to understanding what the business wanted to do and its potential. Their customer-centric approach made them the ideal partner for Databarracks, who take a similar approach to their own clients. It’s fantastic to support such an exciting business and help futureproof their growth.”

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