05 March 2019
IT and cloud hosting provider SysGroup has acquired Welsh counterpart Certus IT for an initial cash consideration of £8m.
With an established presence in financial services, retail, insurance, charity, education and healthcare, Liverpool based SysGroup now has a foothold in professional services and manufacturing. Certus, which was founded in 2000 and is based in Newport, has an attractive customer base including Admiral and Confused.com.
The deal marks SysGroup’s seventh acquisition in the last five years, with the purchase figure expected to rise to £9m once certain targets are met.
SysGroup chief executive officer Adam Binks said the new addition to the group represents a step-change in terms of the scale of the business and he thinks the enlarged group will be better positioned to penetrate SysGroup’s target market and drive further growth.
“This acquisition fits within our strategy of growing the business organically and through strategic acquisitions, and we are excited by the prospects that lie ahead,” he said. “Through this period of growth, we remain completely committed to ensuring exceptional levels of customer service and delivering best-of-breed solutions to our enlarged customer base.”
Now with a presence in south Wales, SysGroup also has offices in Telford, London and Coventry.