Claude Wangen - stock.adobe.com
Fifosys has made its first acquisition outside its native London as it looks to expand its coverage of the UK. The firm has picked up Birmingham-based MSP Enforce Technology for an undisclosed sum.
Enforce has an established reputation in cyber security and cloud solutions and will add more depth to the Fifosys managed services offering. It comes with a 50-plus customer base, including some sizeable public and private sector firms.
The plan is to lean on existing knowledge in the Enforce management team, with Phill Moore, currently director of Enforce Technology, moving into a commercial director role at Fifosys.
The deal comes at a time when Fifosys is celebrating its 20th anniversary and is keen to keep developing the proposition it can put in front of mid-market customers. The firm has made acquisitions in the past, with Foration IT in 2019 and Octavia IT in 2010, but both of those were in London.
Mitesh Patel, founder and managing director at Fifosys, said the firm was acting on a strategy to deliver growth. “Our acquisition of Enforce Technology is part of Fifosys’ strategic growth plan and a welcome addition to our national portfolio of valued clients,” he said.
“Bringing Enforce Technology into the Fifosys fold enhances our ability to serve the national market by empowering regional businesses with solutions that help them keep pace with security and the ever-increasing opportunities in adopting a cloud-first strategy.”
Enforce has been around for 29 years and has also grown its business through acquisition, picking up Network SI back in 2011. Since the start, the firm has focused on cyber security, but over the last decade has added more managed services expertise.
John Calder, managing director at Enforce Technology, said the combination of the two firms would benefit customers.
“The deal strengthens Fifosys’ local expertise, while Enforce Technology and its clients gain access to additional security and workplace solutions, as well as the expertise across a wider range of specialist skills and experience,” he said.
Since the start of this year, there has been a flurry of M&A activity, particularly in the managed services space, as both channel players and private equity firms look for growth. Already this week, Fulcrum has picked up Pure Technology Group, TeloSwitch has made its second deal of 2021 with PBX Hosting, and Ensono has also been busy, snapping up Amido.