Wed, 11 Sep 2013 | MBO/MBI
North Wales IT firm, Risc IT Solutions, has been the subject of a management buy-out (MBO) after staff bought the business from its French owners.
Director Jeremy Keaner, former HR and finance director Joanna Stewart and former chief executive and company founder Paul Roberts led the acquisition.
Mr Roberts spoke to Wales Online about the acquisition: “We are making a direct investment of around £750,000 expanding the business, securing the existing jobs, creating more jobs and adding to our exciting cloud services for businesses and public sector organisations of all sizes.”
He added that the MBO has created “an increased stability within our company and employees feel part of a winning team with vision”.
The MBO was completed with support from Finance Wales and HSBC. Finance Wales agreed to come on board due to a belief that the team had a strong plan to “strengthen the company's current offering and capitalise on a growth market”.
Risc plans to focus its growth plans on core areas of its business. These include data backup, cloud computing services and IT security.
_________________________________________________________________________
Related information:
Esendex purchased in an MBO
View the latest technology businesses for sale
This well-established facilities management business in London, specialising in cleaning, maintenance, and security services, offers a unique opportunity with multi-year service agreements ensuring predictable recurring income. This opportunity prese...
This thriving value added meat company, prominently featured in major retailers like Tesco and Sainsbury's, boasts impressive growth with sales projected to more than double by 2026. The business has shown remarkable growth and we are poised to incre...
This London-based health and beauty dropshipping store presents a remarkable opportunity with its fully responsive website, a strong emphasis on eco-friendly products, and a mission to protect bees, setting it apart in the market. The sale of the bus...
Please choose your settings for this site below. For more information please read our Cookie Policy
These cookies are necessary for our website to function properly and provide you with access to all features.
These are analytics cookies that help us to improve the way our website works.
These are used to improve the functional performance of the website and make it easier for you to use.