IT services company 2e2 has completed the £69.8m acquisition of IT services and technology company Morse, creating an IT supplier to provide services and products to SMEs and government.
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Terry Burt, CEO of the 2e2 Group, said the company's goal was to become a significant alternative in the mid market. "We are looking to grow to £500m revenue and become a main player in the mid market for both public sector and SMEs. Morse accelerates this strategy and increases our scale, giving us offer our customers IT architectures."
In an interview with Computer Weekly, Burt conceded that Morse also tried to break into the services market, but was unsuccessful. He said, "In its heyday Morse was a successful company, but it lost its focus with a move to become a pure consultancy. The outgoing Morse management team has refocused and the company has gone back to its core to offer lifecycle services for ICT and datacentre services."
By combining the two companies, Burt said 2e2 will be able to build on Morse's expertise in SAP and Microsoft implementations, with security, unified communications, video conferencing and Oracle applications practices.
"Morse gives us a SAP capability and greater skills in the datacentre. The range of skills we now have should allow us to put together some compelling [products] for our customers.
"We want to provide a greater percentage of cloud services, to give people choices of cloud, in-house or hybrid [deployment architectures]."
Burt expects the two companies to be fully integrated by 2011.