Octium, the parent company behind business ISP Griffin Internet, has spent an undisclosed sum on the assets of managed services firm MBD.
The newly-acquired unit, which is to be substantially restructured under its new ownership, with Griffin CTO Adrian Sunderland vacating his post in order to run it.
An internal reshuffle will also see Griffin managing director John Dawson step up to run Octium, while his role at Griffin is filled by current sales and marketing director Andrew Dickinson.
The group said that in spite of the restructuring of MBD it was still looking to recruit in account management, marketing and development.
Octium said that MBD would become a hothouse for product development within the group, providing Griffin access to new white-label cloud apps for its channel-centric offering.
"Griffin was the first to market MPLS networking and virtual hosting to the channel and has a very supportive holding company investing in best-of-breed technology to enable us to launch white-label managed applications to the market quickly," said Dickinson.