Bank backs expanding Capito

Published Date: 14 October 2008 IT SERVICES firm Capito has agreed a multi-million-pound funding deal with Clydesdale Bank. The Livingston-based firm said the deal, an extension of a previous funding agreement with Clydesdale and understood to be in the region of £5m, would allow the company to continue with its expansion plans. Capito, which provides blue-chip and pub lic sector clients with IT infrastructure, has opened three new UK bases over the past 12 months, including one in Aberdeen, while two further new offices are planned in the current year. Ian Cameron, finance director at Capito, said: "Over the past two years, Capito has undertaken an assertive growth programme, and Clydesdale's support will help the company to continue along this positive path and allow us to increase the volume of business we are able to... [read full story]