Unified comms company Alternative Networks has seen off rivals bidders to buy cloud computing and virtualisation service provider Intercept IT for an undisclosed sum.
Intercept provides hosted desktop solutions to the SME market, as well as desktop and server virtualisation services to enterprise business customers running on-premise IT infrastructure.
Alternative said both companies sell directly into similar sized and similar vertical businesses within the SME and Enterprise markets, making the customer bases ‘highly complementary’.
The acquisition is part of the group’s long term growth strategy and will provide cloud-based solutions to its SME customer base on a well-established platform, enabling the full outsourcing of customers' IT functions.
It will also broaden Alternative's managed service offering to enterprise customers to include their virtualised IT infrastructure.
The deal brings Intercept access to more resources and a large number of new clients to target.
Edward Spurrier, CEO of Alternative Networks, said: ‘With Intercept's twin offerings we will significantly broaden our range of IT services as well as acquire a well-established platform to deliver additional cloud services. Intercept has an exceptional pedigree in virtualising IT infrastructures, having virtualised over 5,000 servers and more than 2,000 different applications in 30 languages, realising millions of pounds worth of savings to their customers.
‘We are delighted to have completed this acquisition against considerable interest from other parties. It provides a further stimulus to organic growth across the group, as it presents good cross-sell opportunities into our respective customer bases.’