alunablue - Fotolia
Dell platinum partner OCF undergoes an MBO
The owners of the high performance computing specialist have decided the time is right for some fresh hands at the wheel
Dell platinum partner OCF, which specialises in high performance computing, storage and analytics, has undergone a management buyout with plans to take the firm into a fresh chapter.
The MBO was led by Russell Slack, Andrew Dean and Laurence Horrocks-Barlow, who have acquired acquiring 100% of the share capital from former owners Julian Fielden and Steve Reynolds.
Slack takes up the post of managing director and Horrocks-Barlow takes up the technical director post. Dean will continue to oversee the sales operation.
The former owners deemed the time to be right to pass the torch onto a fresh generation and will remain connected with the business.
"I am excited to announce that OCF will enter a new phase of ownership following this management buy-out. I have taken the position of Chairman on a part time basis and Steve Reynolds will continue as Sales Director, so it should be very much business as usual with the added benefit of a younger, exciting management team with a more thorough understanding of today’s technologies,” said Fielden.
Those now at the helm of the business are very familiar with the way the business works having clocked up years of experience in OCF.
“Having started my career at OCF as a Systems Engineer over 20 years ago, I consider a management buy-out of this nature the best course of action to retain the unique culture of OCF,” said Slack.
“The new leadership team is very excited about this opportunity and hopes to build upon all that we have achieved in the past and take us forward to succeed in the future," he added.
The firm gained the platinum solution provider tier in Dell Technologies’ Partner Program last month giving it access to the vendor's AMD powered PowerEdge servers which would work well in a HPC environment.
In a comment made at the time, Rob Tomlin, vice president UK & Ireland Channel at Dell Technologies, said that it was looking forward to developing a relationship with the partner, "taking advantage of its great HPC skillsets and specialist engineers".