Core lays roots in Scotland with CompanyNet acquisition
MSP’s 25 employees across its Edinburgh and Glasgow offices will join Core but continue to operate under the CompanyNet brand
UK cloud and managed services provider Core Technology Systems has announced the acquisition of Scottish-based MSP CompanyNet.
As a leading Microsoft Gold Partner, CompanyNet specialises in providing Microsoft 365 and Azure delivery and support for organisations around the UK.
For Core, the acquisition marks a geographical expansion into Scotland for the business and adds CompanyNet’s 25 employees and offices in Edinburgh and Glasgow to its ranks. Both businesses will continue to operate under their established brands, however.
In an announcement, Core said the takeover will result in greater value and additional service and project delivery capabilities for customers of both companies.
“We are focused on developing capability and excellent levels of service for our customers, and this acquisition means greater capability and additional resources,” commented Core CEO Connor Callanan.
“We have developed long-lasting relationships with our customers and partners because they trust in our delivery of service excellence, and this expansion provides opportunity for us to add more value to our existing and new customers.”
CompanyNet CEO Andy Hamilton said Core was a natural fit for its business strategy, thanks to its broad expertise and experience.
“We are pleased to confirm Core as our partner of choice, demonstrating the experience, values and expertise that ensures our business remains in excellent hands,” he said.
RELATED RESOURCE
Navigating your hybrid cloud vision
Ensure business continuity and lower IT acquisition costs with on-premises private cloud
“As well as fitting with the broader CompanyNet strategy, we are delighted to have culture and values that align, and we are confident this agreement represents the best interests of CompanyNet employees, customers, and partners, providing great opportunities for both parties.”
The acquisition was completed with a funding package from business lender ThinCats, with support from Danescor, an M&A platform for mid-market transactions in the tech industry.
“We are thrilled to have supported Core with this acquisition,” commented Stuart Thompson, Head of Transitional Capital at ThinCats. “CompanyNet is a perfect fit and will enable the business to expand its proposition and reach even more customers across the UK.”
-
The modern workplace: Standardizing collaboration for the enterprise IT leaderHow Barco ClickShare Hub is redefining the meeting room
-
Interim CISA chief uploaded sensitive documents to a public version of ChatGPTNews The incident at CISA raises yet more concerns about the rise of ‘shadow AI’ and data protection risks
-
Veeam ramps up growth plans with trio of leadership hiresNews The data resilience vendor has reshaped its senior leadership team to deepen partner engagement and streamline customer success in the AI era
-
TP-Link promotes Kieran Vineer to distribution channel director for UK&INews The company veteran will now oversee distribution activity for TP-Link’s networking and surveillance channels across the region
-
How SMBs can DIY their IT implementation and supportFeature For some small and medium-sized businesses, the third-party expertise and support might be out of reach. What’s the alternative?
-
Keeper Security expands federal bench with latest senior hiresNews The security vendor has bolstered its federal team to support zero-trust access, operational execution, and government modernization efforts
-
atNorth bolsters leadership bench with double appointmentNews Tatu Tuominen has been named director of public affairs and communications, while Anne Helenius-Heir will serve as director of HSE
-
Ronald Richardson to lead Leaseweb’s global commercial strategyNews The experienced executive has been named Leaseweb’s new CRO as the IaaS provider embarks on the next phase of its growth journey
-
HackerOne eyes enterprise growth with double C-suite appointment
News Seasoned industry executives Stephanie Furfaro and Stacy Leidwinger have joined the cyber security vendor’s executive team
-
Salesforce opens up Agentforce 360 for partners to drive agent developmentNews Salesforce has opened up its Agentforce 360 platform to allow partners to build and sell AI agents and applications.
