1st November 2017
SYSGROUP EXPANDS MARKET REACH WITH £3.9M ACQUISITION
SysGroup PLC (‘SysGroup’), one of the UK’s fastest-growing managed IT services and cloud hosting providers, has today acquired managed IT, hosting and security services company, Rockford IT Ltd (‘Rockford’), for a total consideration of £3.9m.
The Group offers unparalleled and flexible IT solutions to an impressive, growing list of customers across financial services, insurance, retail, technology, not-for-profit, education and private health sectors.
As SysGroup’s sixth acquisition in the last 3 years, Rockford IT will take the company’s total number of employees to over 100, while further solidifying its presence in existing markets, and expanding its market reach into vertical sectors, such as hotels and leisure.
Established in 2001, Rockford IT provides a full range of IT services to blue chip customers, SMEs, local authorities, education and professional services across the UK. The company’s technical capabilities and qualified staff enabled it to become the first in the UK to gain WatchGuard Platinum Partner status, and it is now one of only two Platinum Partners in the country.
Discussing the acquisition, Chris Evans, Chief Executive of SysGroup, said: “Rockford is a welcome addition to the SysGroup group of companies. Rockford’s WatchGuard Platinum Partner status allows us to build on our existing partnerships and security accreditations, while continuing to offer unrivalled fully managed IT services and cloud hosting solutions to a wider base of customers.
Tom Sykes, Chief Executive of Rockford IT added: “This is an exciting opportunity for Rockford to become part of a team that is providing first class IT managed services, particularly in cloud hosting and the security sector.
“With a shared vision and support from SysGroup, the Rockford team will be committed to growing with the company and working with some of the world’s biggest organisations.”
IT security has been high on the industry agenda in 2017 after a number of international companies were hit by data breaches.
“There’s no doubt that cybercrime is on the rise on a global scale, with organisations including the NHS and FedEx already affected. Damage costs are predicted to hit $6 trillion annually by 2020, up from $3 trillion1 just a year ago, so flexible, scalable and reliable IT solutions are a necessity”, Chris explained. “This acquisition expands SysGroup’s capabilities of providing the bespoke, agile and secure service that our customers need to future-proof their business.”
This, and further strategic acquisitions, will be supplemented with organic growth and additional service capabilities in line with SysGroup’s strategy to expand its customer offering and geographic reach.
For further information please contact:
Amy Cantrill/Jo Spragg
0151 556 7050
SysGroup PLC is a leading provider of managed IT services, cloud hosting and technical consultancy. The Group delivers solutions that ensure clients understand and benefit from industry-leading technologies and advanced hosting capabilities.
The SysGroup team focuses on customers’ strategic and operational requirements, enabling them to free up resources, grow their core business and avoid the distractions and complexity of delivering IT services.
The Group boasts a range of strategic partnerships with leading technology vendors, including Microsoft, Veeam, VMWare, Dell and HPE, and accreditations including ISO 27001:2013 that protects your company information, and ISO 9001:2015 for quality management. The Group also boasts Level 1 Visa Merchant Service Provider status to underpin its PCI hosting capabilities.
SysGroup has offices in Liverpool, Coventry, Telford, London and East Sussex.
For more information on SysGroup, visit www.sysgroup.com