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.
A sale will be executed at the earliest opportunity with offers received by Friday 10th July 2020. Long‐established (c.15 years), regionally‐based, commercial and residential scaffolding business for sale. Highly profitable business with regular repe...
LEASEHOLD
Has in excess of 2,100 subscribers, all of whom provide reliable, repeat business on an ongoing basis, in addition to a high volume of customers making one-off purchases. Operates from leasehold premises; however, the company could be relocated to a...
RELOCATABLE
Offers professional and humane pest control solutions, helping clients throughout the South East maintain pest-free environments. Sources ethical, effective and competitively priced solutions, which meet its clients’ requirements. Offers invited.
FREEHOLD
|
03
|
|
Jul
|
Next completes sale and leaseback of head office and warehouses | COMMERCIAL PROPERTY
High street fashion retailer Next Plc has confirmed the succ...
|
02
|
|
Jul
|
Benchmark Holdings secures sale of veterinary business | BUSINESS SALE
Sheffield-headquartered aquaculture health, nutrition and ge...
|
01
|
|
Jul
|
TM Lewin to close all UK stores in pre-pack administration | ADMINISTRATION
Shirtmaker TM Lewin will close all 66 of its UK stores as pa...
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