BT invests £30m in startup

BT has announced plans to pump £30m into Distributed, the tech freelancing startup that helps businesses transform digital systems.

BT has taken a stake in the startup and technology executive at BT, Mark Murphy, will be on the board.

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It is a “huge milestone” for the company, said Callum Adamson the head of the group.

BT is undergoing a modernisation effort after Harmeen Mehta became the group’s chief digital and innovation officer last year.

Mehta said that investing £30m in the startup Distributed would “accelerate the digital revolution within BT and help to make it and the UK a key hub for the digital innovation economy.”

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