Managed cloud services provider Adapt today announced it has been acquired by American outfit Datapipe.
, which specialises in managed services for public cloud platforms, acquired the UK firm to bolster its European presence and enhance global capabilities. Financial details of the acquisition were not disclosed.
This is the latest in a series of acquisitions for Goldman Sachs-backed Datapipe. Last year, the company acquired DualSpark and big data specialist GoGrid.
Just last month, the Jersey-based cloud-pusher announced it had a new data center in Moscow, Russia, enabling European businesses to operate and sell in Russia without running into data sovereignty issues.
“Adapt’s acquisition represents a non-disruptive addition to the Datapipe family due to the similarity in proposition and approach between the two organisations,” the firm said in a statement.
Adapt’s CEO Stewart Smythe commented: “UK-only consolidations in our space can get very messy and can be short-sighted. We have chosen a far more exciting path.”
“We are seeing emerging customer requirements for a tactical and strategic presence overseas so it makes sense for us to advance the UK's capability in a global market rather than create more bulky domestic organisations. Datapipe is the perfect business to acquire Adapt – this agreement is about mutually enhancing regional and global capability.
Adapt, which touts itself as ‘the fastest-growing managed cloud service provider in the UK’, has offices in Cardiff, Leeds and Ipswich. The company turned over roughly £50m in its last financial year.
Robb Allen, CEO of Datapipe, added: “Our similar approach to guiding clients on their cloud journey makes the acquisition a natural fit for us and will increase our scale and service capabilities in the United Kingdom, and the broader European market.”
Adapt said that the transaction would offer its customers best-of-breed security and compliance services, as well as access to Datapipe’s global footprint.