PE-backed cloud tech firm acquires AWS consultancy

PE-backed cloud tech firm acquires AWS consultancy

A private equity-backed Nottinghamshire cloud technology company has acquired an Amazon Web Services advanced consulting firm in Cambridge.

Newark-based Timico has snapped up Arcus Cloud Services (ACS) for an undisclosed sum which has been described as a multimillion-pound investment.

ACS, a cloud native organisation, has been an established AWS partner since 2011.

Timico’s chief executive, Neil Muller, said: “Arcus Cloud Services marks an exciting development in the continued evolution of our business and further strengthens the growing portfolio of our digital infrastructure services and solutions.

“The highly talented ACS team has an excellent pedigree as an established and trusted AWS partner, and we are delighted to be adding their knowledge and professional capability to our Hyperscale Hosting Practice.

“We’re looking forward to welcoming the ACS team to Timico and delivering our customers further long-term customer value.”

ACS managing director Tim Lancaster added: “We are excited by this next step on our journey and I am confident we are joining the right people at Timico to enable further growth and success for both us, and our customers.”

Timico and ACS will continue to operate autonomously under their respective brands.

Simon Hitchcock, managing partner at Horizon Capital, the private equity backer of Timico, said: “Neil joined Timico two years ago and has successfully transformed the business. The ACS acquisition is an important step in building a market leader in the digital transformation market and is the third acquisition we have made with Timico since our investment.

More:  Luxury watch retailer’s US arm makes acquisition

“We look forward to supporting Timico in further acquisitions of technically brilliant, high growth businesses with strong cultures like ACS.”

More from: | Category: M&A News