Excalibur has made its second acquisition in less than six months, snapping up IT services provider Bridge Solutions.
The dealer bought all of Bridge Solutions' outstanding share capital for an undisclosed sum. The company said the acquisition was its latest step towards becoming a unified comms company and would better equip it to provide IT services among government and professional services companies.
The takeover is predicted to generate an additional £350,000 in revenue. Following the purchase, the dealer has predicted its EBITDA will increase to £2m by the end of 2012.
Excalibur CEO James Phipps said: 'This latest acquisition is testament to our commitment to turning Excalibur into a complete unified communications and IT solutions provider. Bridge Solutions’ reputation as a best-in-class IT services provider, coupled with its talented team, will allow us to tackle new market expansion and significantly broaden our customer base.'
'The acquisition is the latest move in Excalibur's growth strategy. It bought IT services company Emnico Enterprises in November and has increased staff numbers by 25% during the past four months. It has recently obtained a leasehold to add 3,500 sq ft to its head office and undergone a rebrand. The dealer is a Vodafone Platinum Partner and currently manages more than 30,000 mobile phone users.