07 May 2019
Manx Telecom, the Isle of Man-based communications solutions provider has agreed to buy business IT services firms Synapse Consulting and Synapse Consultants for an undisclosed sum.
Synapse 360 provides B2B managed services in the UK and the Isle of Man and will bring its capabilities in traditional telecommunications, data centre operations and network-oriented services to the deal.
As a result of the deal, the four existing Synapse 360 directors, including managing director Colin Sheard, will continue in their positions. “Synapse 360 is an excellent fit with Manx Telecom,” said Manx Telecom chief executive officer Gary Lamb. “We have long viewed managed services as a potential growth area for the business and Colin and his team’s success over the last 20 years have reinforced us in this view, and confirmed us in the intention to make this attractive bolt-on acquisition”.