Entrepreneur Newing eyes up more acquisitions after swoop
Telecommunications services provider Elitetele.com has made its 11th acquisition in eight years after swooping for cloud specialist NetCentrix and SystemHOST.
The deal marks a return to M&A for Elite founder and CEO Matt Newing and his management team, with more deals thought to be in the pipeline.
Newing said: “We have increased our capacity to offer IT and Cloud solutions and we have exciting plans for further innovation in the market with NetCentrix and SystemHOST on board. This deal cements our position at the forefront of unified communications and broadens our capabilities in cloud based technologies.”
Carnforth-based NetCentrix and SystemHOST specialise in architecting bespoke cloud platforms for a mixture of public and private sector clients.
Elitetele.com is based in Chorley, Lancashire, and employs 150 people.
NetCentrix was founded in 2002 and has a reputation for designing, implementing and managing enterprise IT solutions for corporate and public sector clients.
In 2004 Phil Scanlon created SystemHOST, a wholly owned subsidiary specialising solely in hosted IT solutions which allow SMEs and corporate clients to outsource part or all of their IT function.
Scanlon, managing director and founder of NetCentrix said: “Our products greatly complement Elite’s existing solutions and we are very much looking forward to launching the combined offering into the market.”
Pete Terry at Mazars acted as lead advisor to the shareholders of NetCentrix, with Frank Shephard, Darren Ormsby and Francesca Kinsella of DWF providing legal advice. Elite’s Legal Counsel, Gareth McIntegart advised Elite with support from DLA Piper on Property matters.