What is Control Circle?
Control Circle specialized in delivering robust managed hosting and cloud-based services tailored for enterprises and online businesses. Its acquisition by Alternative Networks, a business communications service provider, integrated ControlCircle's established infrastructure and expertise into Alternative Networks' broader IT services portfolio. This strategic move aimed to enhance Alternative Networks' offerings, creating a comprehensive suite that includes managed and cloud services, datacentre virtualization, and application management, thereby strengthening its market position in the competitive IT and data services sector.
How much funding has Control Circle raised?
Control Circle has raised a total of $9.1M across 1 funding round:
Unspecified
$9.1M
Unspecified (2010): $9.1M with participation from Scottish Equity Partners
Key Investors in Control Circle
Scottish Equity Partners
Scottish Equity Partners is a venture capital firm known for investing in enterprise software and technology scaleups, providing capital and resources to support growth and sustainability.
What's next for Control Circle?
Following its acquisition by Alternative Networks, the strategic direction for Control Circle's operations is now intrinsically linked to Alternative Networks' growth objectives. The integration of ControlCircle's capabilities into Alternative Networks' comprehensive data and IT services portfolio signals a move towards consolidating market share and expanding service delivery. Future developments will likely focus on leveraging the combined technological assets to offer more integrated solutions, potentially targeting larger enterprise clients and enhancing service resilience and scalability. This consolidation represents a significant step in Alternative Networks' strategy to become a dominant player in the managed IT and cloud services market.
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