Cwmbran-based UC solutions provider SIPHON has secured a substantial equity investment from Finance Wales.
Since it was established in 2009, SIPHON has achieved impressive organic growth, doubling its revenues year-on-year.
The investment from Finance Wales will accelerate the next phase of its growth plan as SIPHON looks to increase its presence in the UK and Benelux, as well as expanding into other European markets.
"Securing this investment is a significant milestone for SIPHON and demonstrates Finance Wales' confidence in our business model as well as in our professional and technical expertise," said Steve Harris, co-founder and Managing Director of SIPHON.
"Finance Wales' investment provides us with the capital to continue the rapid expansion of SIPHON and achieve a further step-change in our growth.
"A high-calibre team of knowledge workers is integral to our success at SIPHON and we expect an active recruitment drive over the next two years to keep pace with our growing business."
Rob Smith, co-founder and Technical Director at SIPHON added: "As SIPHON has grown over the last six years we've expanded our portfolio to encompass cloud Infrastructure and cloud services, as well as targeting the wealth of deployment and integration opportunities for enabling real-time communications within Microsoft UC environments.
"Steve and I decided that securing equity investment from a long-term backer would help us take SIPHON to the next level."
Senior Investment Executive, Stephen Stolliday and Investment Executive, Leanna Davies structured Finance Wales' investment.
Stolliday said: "SIPHON has a strong product portfolio supported by a comprehensive suite of professional services.
"It's a combination that enables SIPHON to deliver innovative, end-to-end solutions to its world-class customer base.
"SIPHON is well placed to take advantage of an exciting time in the telecoms sector and scale up its operations."
In 2012, SIPHON acquired VCOMM Distribution in Newbury, boosting its warehousing and logistics facilities and enabling the rapid fulfilment of Customer Premise Equipment (CPE) contracts.
The company has continued to enhance its portfolio, recently establishing a Microsoft UC Technology Practice.