UK based Managed IT service Company available for Acquisition

Project Summary

Based in UK, the Company is a trusted partner in solving complex IT problems with over 20 years' experience improving client’s strategic technology infrastructure. The Company specializes in four key sectors, being Healthcare, Cruise, Travel and Insurance. It has a team of over 50+ professionals who develop and maintain long-term working relationships with clients by providing a cost efficient IT solutions.

• Revenue of EURO 4.8 Mn with adjusted EBITDA of EURO 0.9 Mn in FY23
• 63.1% recurring revenue in FY 2022
• Delivering IT services to client across the UK, EU and USA
• Low client concentration with the largest client typically generating 12.5% of revenue of the group

Products & Services

It has three verticals - Managed Services (51%), Technology Projects (34%), and Cloud Strategy (15%).

Managed Service:

• Hosted and Application managed services
• Shared and private infrastructure offerings
• Fully ITIL based 24/7/365 service desk
• Client site managed services

Technology Projects:

• Business analysis
• Project management
• System implementations
• Upgrades and migrations
• Infrastructure design and implementation
• Landside and on-board engineering support
• Application testing
• Application training

 
Cloud Strategy:

• AWS, Azure & Google cloud platform architecture design
• Dev-Ops automation
• CI/CD pipeline management
• Legacy application migration

Transaction

The promoters are looking for strategic partner who can accelerate the growth of the Company & they are open to divest majority stake in the business.