McLaren F1 partner buys award-winning tech firm
Technology services provider IT Lab has acquired Content and Code, recently named Microsoft 2018 Worldwide Partner of the Year.
IT Lab is a partner of McLaren F1 and also works with the British Paralympics Association.
The new combined business has a turnover approaching £60 million, boosting the IT Lab team from 450 to more than 550 employees operating globally from London, Manchester and Cape Town, serving more than 700 mid-market and enterprise clients.
Former Cabinet Office technology advisor Peter Sweetbaum remains as IT Lab chief executive.
He described the deal as "transformational" for IT Lab and Content and Code, adding that it would improve on Content and Code's already industry leading excellence in key Microsoft propositions, including Office 365 and SharePoint, along with IT Lab’s managed, cyber and infrastructure services.
Tim Wallis, founder of Content and Code, takes on the role of chief digital officer of IT Lab and will lead the future relationship with Microsoft.
Clare Barclay, chief operating officer of Microsoft UK, said: "I’m excited by the coming together of Content and Code and IT Lab and the combined proposition this will bring for helping customers digitally transform their business.
“I look forward to continuing their long-standing partnership with Microsoft.”
As well as McLaren F1 and the British Paralympics Association, the combined business provides services across the mid-market and enterprise space including clients such as Serco, Heathrow, Mott Macdonald, NSPCC, Whitbread Group, Theramex, British Engineering Services, Phaidon and Keolis Amey.