Finance valued at £5 million will help a Cotswold IT firm which already employs 100 staff "fast-track" its growth through 2019 and beyond.

Hardware.com, an IT solutions and services provider based in Cirencester, has won the money from Secure Trust Bank Commercial Finance.

According to the firm the £5m facility will replace an existing loan from a high-street bank, provide working capital and allow it to continue the growth of its cloud-related services.

David Parsons, regional managing director at Secure Trust Bank commercial finance team, said: "Hardware.com's value-add offering has helped it secure contracts with a number of blue-chip clients across the globe, and with this new line of funding, the business can look at investing in new services that will allow it to scale up and bring in new revenue streams.

"We're keen to support Hardware.com and we look forward to seeing the company progress in the coming years."

Gwyn Hicks, chief executive officer of Hardware.com, said: "Secure Trust Bank constructed a facility that was more flexible than what we previously had and better met our requirements.

"This source of capital puts us in a strong position for the future, as we look to diversify our services and grow our market share both in the UK and internationally."

Hardware.com was founded in 2003 and specialises in helping companies undergo digital transformations by improving the scalability and security of their networks.

Its offering includes server and storage solutions, cyber and network security, multi-cloud solutions, and value-add services such as installation and configuration.

The business also has a distribution centre in Swindon and works with companies across the country and internationally through its subsidiary companies in the USA, Nordics and South Africa.

Hardware.com installs solutions from some of the biggest names in its sector, such as HP, Dell, Juniper and Palo Alto Networks. The company has notable clients across the commercial and public sectors including major retailers, managed service providers, education and government.

The business was introduced to its new bank by David Totney at Liquidity Club.