Quadsys Limited, a supplier of IT security software, anti-virus protection and hardware has been named the first company in the UK to become a Sophos Gold Solution Partner.
The new partnership allows the Oxford based company to provide customers with a range of Sophos products, which protect over 100,000 businesses and 100 million users in more than 150 countries. Paul Cox, who is the managing director of Quadsys, secured a commercial mortgage from Lloyds TSB Commercial Banking through the Funding for Lending Scheme to acquire new trading premises on Langford Lane in Kidlington. The offices have enabled the business to increase its staff headcount from four to 17.
The firm has also secured an invoice finance facility from Lloyds TSB Commercial Finance which helps it to manage its cashflow by unlocking the value of its unpaid invoices.
This has helped the business boost its annual turnover to an excess of ยฃ5m since it was founded in 2008.
Paul Cox, managing director of Quadsys, said: โTo be the first company in the UK to receive Sophos Gold Solution Partner status is a fantastic achievement and it reflects not only the professionalism of our sales and technical staff, but also the commitment and support that we have come to expect from Sophos. Our combined drive to offer the perfect solution for any size companyโs security will ensure that we continue to provide the highest quality service for many years to come.
โThe support we have received from Lloyds TSB Commercial Banking and Lloyds TSB Commercial Finance has been immensely helpful as we have grown. Having a relationship manager at the end of the phone is a huge boost, and by freeing up cashflow we donโt have to wait for client payments before moving on to new projects.โ
Mike Hemmings, relationship manager at Lloyds TSB Commercial Banking, said: โQuadsys is a well-established firm and the hard work of Paul and his team to fulfil both old and new clientโs needs has helped them to become a Sophos Gold Solution Partner, which just adds to the firmโs ever growing reputation in the IT world.โ
Yvonne Hitchcox, client manager at Lloyds TSB Commercial Finance, said: โWe are delighted to be supporting Quadsys through an invoice finance facility. This flexible form of finance helps to bridge the gap between a company issuing invoices and receiving payments from customers, meaning they can smooth out cashflow and use the funding to help them grow.โ
