Tech companies complete merger

Sat, 23 Feb 2019 | MERGER



Two technology businesses based in Bournemouth have successfully completed a merger.

ITSB, an IT support, cloud and security specialist, has joined forces with Crystal Clear Telecom communications platform.

The merger was coordinated by TECHNEDs Investment – a technology investment platform headquartered in Poole– which already holds ITSB and Crystal Clear Telecom under its umbrella of private equity-backed companies.

Chief executive of ITSB, Lee Dredge, commented on the merge: “Our message today is very much one of growth and we look forward to a mutually beneficial business relationship with the best possible combination of communications and technology solutions.

"Our two businesses understand each other’s markets very well and because our fields of expertise are so complementary, this will result in new and existing clients being attracted by the convenience of our multiple services offering.”

It is anticipated that the merger will boost the local economy by providing support to various third-party companies in the form of numerous tech solutions and partnerships in campaigns.

Managing director of Crystal Clear Telecom, Scott Gower-Smith, said: The world of telecommunications is evolving rapidly, especially cloud working, and this merger ensures we continue to stay ahead of technology trends.

"Our partnership with ITSB allows us to provide a comprehensive customer support service – it makes perfect sense that we should be working together for the good of all of our clients.

“Our honest and knowledgeable approach will enable us to provide voice, connectivity and communication solutions to our rapidly increasing client base."

For more news stories about mergers, click here. For all our business for sale listings, click here.


Share this article



Latest Businesses for Sale

IT Telecoms Business
Lincolnshire, Yorkshire and the Humber, UK

Profitable and 10-year established telecoms and technology services company based in Lincolnshire complete with Freehold premises. With a large proportion of turnover coming from ongoing and retained client business, the company has a fantastic reput...

Asking Price: £950,000
Turnover: £500,000

LEASEHOLD


Video Content Management Solutions Provider
UK Wide

Provider of complete video content management software solutions for the creation, delivery, and monitoring of both live and on-demand media content. With expertise in streaming software, the company’s offering simplifies the integration of streaming...

Asking Price: Offers Invited
Turnover: £615,000

Web Technology Agency
Yorkshire and the Humber, UK

Specialists in the design, build, development & management of large websites, web platforms & Content Management Systems using Microsoft .NET technology, particularly Kentico & Umbraco. Existing Kentico partners. Large digital consultancies. Website...

Asking Price: Offers Invited
Turnover: £1,300,000


View more businesses for sale

News Search

Latest News

 
02
 
Apr
 

Next puts headquarters and three warehouses up for sale | COMMERCIAL PROPERTY

Fashion retailer Next has put its head office and three ware...

 
01
 
Apr
 

Sheffield-based cafe chain falls into administration | ADMINISTRATION

Sheffield-based cafe chain Massarella Gelaterie Ltd has been...

 
31
 
Mar
 

Coronavirus Business Interruption Loan Scheme to cover business acquisitions | BUSINESS NEWS

The UK government has launched the Coronavirus Business Inte...

Free guide: 10 Biggest Buyer Mistakes

Sign up to receive our acquisition alert emails to get your FREE guide

Email


Want access to the latest businesses for sale?

Business Sale Report is your complete solution to finding great acquisition opportunities.

Join today to receive:

  • Comprehensive range of businesses for sale
  • Make direct contact with business sellers or their intermediaries
  • Access to all UK administrations, liquidations and winding-up petitions
  • Daily email alerts for the latest businesses for sale & distressed notifications
  • Business Sale Report publication posted to you every month
  • Advertise your acquisition requirements on our "business wanted" section

All this and much more, including the latest M&A news and exclusive resources