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Exertis has announced it is to acquire wireless specialist Siracom, as it looks to augment its enterprise offerings.
Basingstoke-based Siracom supplies a range of third party branded wireless infrastructure and security products to its 1,000-strong partner-base across the UK and further afield.
“The addition of Siracom to our Enterprise offering demonstrates the commitment we have to grow this evolving part of the Exertis business,” Excertis said in a statement. “This is an excellent strategic fit to our commercial offering to the channel, which now encompasses server, storage, networking, UC, security and wireless networking.”
Excertis said that the two customer bases would complement each other well. Phil Brown, IT sales & commercial director, UK said: “We are delighted with the addition of Siracom to the Exertis business. The hard work begins now as we set about integrating Siracom and their team into our business and continue to deliver the excellent customer service and extensive knowledge & support that customers have been used to.”
David Thompson, managing director of Siracom added: “The Siracom team has built a great business and a great reputation in the field of Wi-Fi and Wi-Fi security. To join with Exertis, its broad market reach and its expertise in logistics and marketing is a compelling proposition. I am confident that this fantastic combination will lead to accelerated growth and a wonderful future for all stakeholders.”
In its last reported accounting period (FY2014), Siracom saw revenue of £14.17m and operating profits of £1.16m. Interestingly, more than 70% of those sales emanated from a single US-based partner, according to the company’s annual report.
When asked what the ramifications of the acquisition would be on this particular relationship, an Excertis spokesperson said the company ‘wouldn’t comment on the commercial detail of specific suppliers’.