Newark-based managed service provider Timico has acquired 25sevenIT, an IT managed services provider, in its strategy to become the UK’s leading independent ICT Managed and Cloud Services company.
The multi-million-pound investment will bring new opportunities for Timico and the customers of the enlarged business which offers end to end solutions which span national core network connectivity, ICT managed services, digital workplace, security and cloud.
London based, 25sevenIT has a blue chip customer base with a particular focus on the hospitality sector which will further strengthen Timico’s existing footprint in the sector. Further, it brings proven consultancy and cloud capabilities to complement the managed services it provides to its customers.
Geoff Neville, Chairman, Timico, said: “Timico helps ambitious businesses to unlock their potential with the use of the right technology – and this acquisition marks an exciting development in the continued evolution of the business. 25sevenIT has an excellent pedigree as an established provider and we are delighted to be adding its knowledge and expertise to our business.”
Mark Hanson, MD, 25sevenIT, said: “We believe that technology should be an investment that delivers a significant return to the bottom line of a business, and we are delighted that we are being acquired by a company whose objectives and priorities align with ours.”