Bytes Technology acquires Phoenix Software
Bytes Technology Group UK, a wholly-owned subsidiary of the JSE-listed Altron Group, is delighted to announce the acquisition of Phoenix Software Ltd with immediate effect.
Phoenix is one of the largest and most established UK IT resellers with more than eighty percent of the business being UK Public Sector orientated.
Phoenix has a presence on all the main framework agreements for public sector procurement in the UK and is a provider of end-to-end IT solutions including software licensing, software asset management and IT services.
Headquartered in York, Phoenix has an annual turnover of more than £130m and employs 165 people.
This acquisition brings together two organisations which have built up a significant reputation for delivering high-quality customer service plus world-class products and solutions.
Phoenix has a substantial presence in the North and Bytes a 35-year history of doing business predominantly in the South.
With combined revenues this year of circa £400m and a total staff headcount of around 480, the group will become an important scale partner to many of the major global IT vendors.
Comprehensive geographical coverage in the UK, combined with complete coverage of all vertical markets, the group will be able to work with customers across the entire business spectrum.
“I am delighted to be able to confirm this exciting news,” said Neil Murphy, Bytes UK Group managing director.
“Both companies bring different qualities and strengths which can help deliver even greater quality services to our combined customer base.
“It also represents a great opportunity for staff from both companies to be part of a larger, growing business where they can develop their skills and careers.
“Just to be clear, there will be no redundancies or job losses of any kind – it is very much our intention that two and two make five!
“We also look forward to continuing to work with our key suppliers and partners where we anticipate even greater revenues will help them become even closer to our businesses than they are already.”
Sam Mudd, Phoenix Software managing director said: “This is extremely positive news and our announcement has come at the right time for our company and staff, in terms of navigating the fast-changing world of IT in which we operate and the channel consolidation that is taking place.
“We see plenty of synergies and are excited about working with new complementary offerings, and taking our joint businesses forward with ambitious growth plans across all our vertical sectors.”