2/1/2013 10:19:05 AM
Daisy Group snares The Net Crowd
Daisy Group has taken over IT data specialist The Net Crowd for an undisclosed sum.
The senior management team, including MD Trevor Rolls and sales director Steve Kirby, will continue to run the business and will report into Daisy's wholesale division. The Berkshire-based company provides white label services, maintenance and installation of IT services to UK businesses.
Daisy said the acquisition was funded by the group's existing facilities. Matthew Riley, the group's CEO, said: 'As a fast-growing business with an experienced management team we believe this acquisition further enhances our service offering.
'This deal provides a strong foundation for Daisy Group in the growing IP and data market, and is a great strategic fit for the evolution of the business.
'The board believes this acquisition will drive further cross selling opportunities within our enlarged base while also providing Net Crowd’s customers with direct access to the group’s full portfolio of products and services.'
Author: Graeme Neill