Thu, 02 Feb 2017 | BUSINESS SALE
Cloud solutions firm Cloud Direct has snapped up communications specialist AlwaysOn Group (AOG) as it embarks on an “exciting time of high growth”.
Cloud Direct acquired AOG, which provides unified communications, data communication and managed data services, from owners Foresight Group and Mobeus Equity Partners, both private equity firms.
The company said its purchase, the financial terms of which were not disclosed, would widen its product offering and bolster its Microsoft Skype for Business offer.
It is Cloud Direct’s fourth acquisition since June 2015 - the firm bought Datel Business Systems in June 2015, ihotdesk in December 2015 and Redblade in July 2016.
AOG, which comprises AlwaysOn and sister company Data Continuity Group, is a gold Microsoft partner for hosting and communications and a Skype for Business specialist.
Brett Raynes, Cloud Direct chief executive officer, said: "Since 2003, we’ve been helping organisations grow by migrating them to the cloud - quickly and securely.
“Moving forward, AOG’s capabilities will be critical to that as we drive better business continuity, people productivity and infrastructure. Their people and customers are a great asset to our business at this exciting time of high growth. We’ll slowly integrate the business into the Cloud Direct clan as we continue to support organic growth with an ambitious acquisition strategy."
Find technology businesses for sale.
Very long established and profitable wholesale business. There is a healthy base of active repeat clients and the business has an excellent reputation. The location and premises suit the business perfectly with a small sales office, and a third party...
Extremely successful & exciting entertainment Business, the highest review rated of our kind in the World. Performing to over 600 events this year and growing you will find a fast growing business to take to an even higher level. Looking for somethi...
WEB-BASED
Long established motorcycle business. For over 25 years this highly regarded motorcycle training brand has offered training and testing services for motorcycles. The business is also a successful branded franchise dealer. They sell a well-known brand...
|
16
|
|
Sep
|
Cheshire-based SRL Traffic Systems completes MBO | MBO/MBI
SRL Traffic Systems, a manufacturer and supplier of portable...
|
13
|
|
Sep
|
AFH Financial Group acquires two firms for £7.2 million | BUSINESS SALE
AFH Financial Group, a listed wealth management firm headqua...
|
12
|
|
Sep
|
Lucid Group completes acquisition of North West-based healthcare consultancy | BUSINESS SALE
Healthcare communication specialists, Lucid Group, has succe...
Sign up to receive our acquisition alert emails to get your FREE guide
Business Sale Report is your complete solution to finding great acquisition opportunities.
Join today to receive:
All this and much more, including the latest M&A news and exclusive resources