Business
Managed hosting and cloud platform services provider.
Case study
EveryCity infrastructure finance case study
How IQ Finance supported EveryCity with a tailored finance solution for server replacement, infrastructure capacity and managed hosting growth.
Figures are indicative only and are not finance offers. Final approval is subject to status, lender criteria, affordability, documentation and approval.
Snapshot
Project
Replacement servers, infrastructure capacity and in-house hosting equipment.
Finance need
A tailored finance package to support full server capacity without forcing the business to buy hardware in small batches over a longer period.
Finance categories
IT hardware finance, Software and Services finance, and business finance.
Source
IQ Finance EveryCity case study PDF.
Challenge
EveryCity provided managed hosting and cloud platform services to high-calibre clients and needed reliable in-house server equipment to support delivery.
The business had a requirement to replace multiple servers and increase capacity for future growth. As a young, privately funded company, access to finance could be more difficult through traditional bank routes, so the business needed a finance approach that considered its track record, profitability and operating model.
Finance route
IQ Finance created a tailored finance solution after understanding EveryCity's business and growth requirement.
The finance package enabled EveryCity to purchase the full capital requirement for server capacity, rather than being forced to buy hardware in smaller batches over a longer period.
Outcome
The finance route helped EveryCity secure the server capacity needed to support growth and onboard new clients as required.
Client quote
“Thanks to IQ Finance, we have the ongoing flexibility to on board new clients as and when required.”
EveryCity
Next step
Planning a similar infrastructure project?
Start with a finance estimate, or speak to IQ Finance if your project involves servers, infrastructure capacity, managed hosting, or wider business technology investment.
Figures are indicative only and are not finance offers. Final approval is subject to status, lender criteria, affordability, documentation and approval.