Expansion for Reading company
by Marco Cillario Tue 26 April 2016, 2:53 pm
A Reading-based IT service provider has acquired a company in Dorset.
365itms announced on 4 April 2016 it had bought Deverill, a company based in Poole providing IT services and training to private businesses, the NHS, housing associations and charities.
The acquisition has doubled the size of 365itms to a £20 million turnover business and expanded its geographical reach.
Founded in 2002, the company designs and delivers information technology services for commercial and government clients, supporting their IT infrastructure.
Managing director Steve Ellis said he was “extremely excited about the opportunities this acquisition brings”. He explained: “Deverill’s market leading infrastructure and managed service capabilities are broad and deep and we believe this will provide some distinct advantage to the business. Our partners and customers will benefit from the enhanced range of services and have access to a larger highly skilled team.”
Law firm Blake Morgan advised the shareholders of Deverill on the sale through a team of corporate specialists led by Stephen Archibald and including Christian Hazelton and Simon Court. Advice was also given by Sarah Peacock and Alison Westbrook. Spectrum Corporate Finance acted as lead adviser.
"This was a complex and challenging transaction but we drew on expertise from across the firm to achieve this excellent result for our client,” said Archibald. “The combined organisations will now be able to provide an enhanced range of services and solutions. We wish both parties every success for the future."