QBS acquires majority share in Zedsphere to boost revenues

Acquisition sign

QBS Technology Group has acquired the majority shareholding in UK MSP distributor Zedsphere, as it looks to strengthen its recurring revenue business model.

The addition marks the firm’s second acquisition of 2019, following the purchase of French distributor Siener Informatique back in February. This latest move adds a further 814 unique resellers to the total served by the group, QBS revealed, as well as a new office in Warrington, Cheshire.

“We are developing QBS to meet the current and anticipated requirements of our reseller partners and software publishers – we see this acquisition having future value for the specialist software distribution landscape,” said Dave Stevinson, CEO of QBS Software.

“The acquisition of Zedsphere strengthens our software delivery platform and gives us a dedicated arm with a laser focus to deliver outstanding services to the MSP community.”

Following a spell of consistent growth for the company, QBS said it expects to announce organic revenue growth in excess of 50%, excluding acquisitions, for this financial year. The firm’s Cybersecurity arm has also agreed three new distribution agreements with OPSWAT, F-Secure and RStudio.

“At QBS a key criteria of how we measure ourselves is our ability to execute on our vision,” Stevinson continued. “This acquisition is an example of how we are pursuing that vision to be the most important software distributor to the EMEA reseller community. We will 100% deliver on that vision through a blend of organic growth and acquisition.”

Following the acquisition of Siener Informatique last month, Stevinson revealed that QBS has tripled its turnover in the last two years, but cautioned that international development is “mandatory” to be able to sustain the trend.

Now, as the firm’s integration process in Paris continues, Stevinson added that further expansion is the company’s “next priority” as it sets its sights on expanding to Italy, Germany and Holland.

Daniel Todd

Dan is a freelance writer and regular contributor to ChannelPro, covering the latest news stories across the IT, technology, and channel landscapes. Topics regularly cover cloud technologies, cyber security, software and operating system guides, and the latest mergers and acquisitions.

A journalism graduate from Leeds Beckett University, he combines a passion for the written word with a keen interest in the latest technology and its influence in an increasingly connected world.

He started writing for ChannelPro back in 2016, focusing on a mixture of news and technology guides, before becoming a regular contributor to ITPro. Elsewhere, he has previously written news and features across a range of other topics, including sport, music, and general news.