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Formed in 2011 from the merger of AssurIT with Apex Computers International Limited, APSU is a leader in delivering IBM solutions to the UK market, with a fast growing international business. Its service portfolio covers technical consultancy, procurement, managed services, in-store and on-line retail solutions, cloud hosting, physical co-location and software asset management.

BGF invested £7m in APSU for a minority stake in October 2014. This funding enabled the company to accelerate recruitment and drive expansion in the UK and overseas, driving an increase in recurring revenue. 

Both Steve Morris, founder and CEO, APSU, and BGF continue as shareholders of the US subsidiary, APSU Inc, which has been divested from APSU and will now operate as an independent company.

Read more about BGF's exit of APSU.