DROPJAW ADVISES CONNECTUS TO SECURE NEW FUNDING AND NOW TARGETS EXPANSION, STAFF HIRES & FRESH ACQUISITIONS

DropJaw have recently advised leading connectivity and business managed services partner Connectus Business Solutions to secure new funding with Time Finance – in a partnership which will help accelerate its growth.

Connectus will use Time Finance’s revolving credit facility to help fund an “exciting new phase” of their development that is set to include expansion, additional staff hires and new acquisitions

Commenting Paul Ruocco, the Chairman of the Connectus, said: “We are delighted to have secured this new funding with Time Finance which will help create an important new chapter in the story of our business. It will fuel the growth of Connectus Business Solutions and it will also help meet the growing demand for our connect, protect and collaborate managed services.”

Mr Ruocco said with DropJaw’s long standing support we have created Connectus’ mantra of reducing cost, complexity and risk for its clients and has helped to accelerate revenue growth by more than 47 percent in the past year. Earnings before interest, taxes, and amortization are now at 18 percent.

He added: “We’ve had a strong start to 2023, and now this new funding will allow us to make even more investments into our fibre network and secure hosting environment. It will also allow us to extend our cyber security capabilities and invest in more engineering and support staff.”

“We are partnering with DropJaw to guide us to deliver on our ambitious plans for additional acquisitions that are progressing well. With this funding in place, we will be able to add to the services we provide our customers we serve and further extend our geographical reach. We are at an exciting new phase of development.”