Managed services player Timico has continued to strengthen its executive team bringing on a former Daisy and Computacenter staffer to become CEO.Content Continues Below
The announcement was made just a couple of days after the firm made its first acquisition since it got the backing of Horizon Capital, a move made last year.
Neil Muller will take up his position in a few days and is the latest in a number of senior appointments that the firm has made in the last year to spearhead growth he comes with an impressive CV that includes three and a half years at Daisy in a position of CEO, which ended this summer and a career at Computacenter that spanned two decades.
Other joiners have included former Daisy staffer John Holt as COO and ex-Computacenter employee CTO Kevin Linsell.
One of Muller’s first tasks will be to bed down the acquisition of managed services player 25sevenIT, which was picked up at the end of last week.
At the time of the Horizon deal no secret was made of the plans to expand the business with the investment specialist stating , that it planned to “Execute a targeted acquisition strategy to build and integrate deeper capabilities in security and data management”.
London-based 25sevenIT has a particular focus on the hospitality sector and a strong background in cloud and consultancy areas.
“Timico helps ambitious businesses to unlock their potential with the use of the right technology – and this acquisition marks an exciting development in the continued evolution of the business. 25sevenIT has an excellent pedigree as an established provider and we are delighted to be adding its knowledge and expertise to our business,” said Geoff Neville, chairman, Timico.
In response, Mark Hanson, managing director of 25sevenIT, said it would benefit from becoming part of an organization with the same broad ambitions.
“We believe that technology should be an investment that delivers a significant return to the bottom line of a business, and we are delighted that we are being acquired by a company whose objectives and priorities align with ours,” he said.
The terms of deal were not disclosed but described by Timico as a “multi-million-pound investment”.