Managed services player Claranet has had a busy day sealiong a couple of acquisitions that should put it in a stronger position delivering an even wider portfolio.
The firm has picked up Techgate, a business continuity and disaster recovery specialist, along with LinuxIT, which is an expert in the open source market.
The terms of the deals was not disclosed but both will become part of the Claranet Group and will keep existing management and staff structures along with their brand names.
Techgate has been around for 14 years, focusing on business continuity, disaster recovery and back-up services. The firm has locations in London and Chelmsford, operating a couple of data centres and employing 27 staff. Revenues for the year ending 31 December 2014 were £4.9m and the firm had more than 200 customers including BLM, Capita, Carestream Health, DS Smith and FSL.
LinuxIT has been going a couple of years longer and is based in Bristol with a team of 20 staff. The firm provides managed services to those operating in Linux environments. It has a smiliar sized customer base to Techgate and can quote some big names, including ITV, Hopkins Architects, Euro Car Parts, Liz Earle and CAE. Revenues for the year ending 31 December 2014 were £2.6m.
The addition of the two additions to the group will take Claranet up to 850 employees with 5,000 customers and annual revenues of £150m.
Charles Nasser, CEO and founder of the Claranet Group, said that it had opted to acquire firms that were leaders in their areas of focus.
"Techgate and LinuxIT are leaders in their respective fields, and make an exciting fit for the Claranet Group as we look to continue to evolve our portfolio and offer a comprehensive end-to-end application-led service. These acquisitions present a good opportunity for our customers, and those of Techgate and LinuxIT, to take advantage of our expanded suite of services, safe in the knowledge that they are supported by a provider on a strong financial footing," he said.
“It is our ambition to continue to grow in our existing six markets organically and by acquisition, and in acquiring Techgate and LinuxIT we have taken another step forward in terms of our growth and capabilities, expanding our reach into new territories in the IT services sector,” he added.
The deals are the first in the UK that have followed the move last year by the firm to shake-up its management team to make sure it can drive its acquisition strategy.
Last June product director Martin Saunders moved into the newly-created role of corporate development director with a remit to focus on the development of new acquisitions and partners.
The latest acquisitions have been funded through debt and supported by Claranet’s partnerships with The Royal Bank of Scotland, Ares Capital Europe, Goldman Sachs and Abry Partners.