Managed Service Provider Utilize Plc has announced the acquisition of leading Sage Business and Development Partner M2M Technology (SCISEP Ltd), bringing the Utilize group turnover to over £19m.
Guy Hocking, Managing Director at Utilize, said: “We are pleased to announce we have successfully acquired M2M Technology, based in Essex.
This acquisition bolsters our team with the addition of eleven highly knowledgeable staff, who will complement our own teams perfectly, specialising in the deployment and support of Sage services. In addition, we are acquiring a highly talented development team, who focus on modifying and improving the existing Sage functionality and who carry a wide range of development skillsets.”
Guy continued: “From the moment we first met the M2M team, we knew our two businesses would work well together, both from a technical and interpersonal perspective. Both will be paramount to our mutual success. Cultural synergy is arguably the most important aspect for any acquisition and the team at M2M have been an absolute pleasure to work with so far.
The staff of both companies will play a critical role in future opportunities, and we look forward to continuing our journey with M2M, building on successful and established foundations. With M2M, we have acquired a profitable business and an increasingly desirable skillset.”
Access to new skills and services
This acquisition builds on a well-established but rapidly growing arm of Utilize’s portfolio of services and in-house skills, paving the way for the organisation to deliver powerful new business solutions to its customers.
For M2M clients, the investment offers access to Utilize’s extensive range of technology services, including managed IT services, digital transformation, infrastructure and cloud, telephony and communications services.
In the wake of the Pandemic, this news also sends a positive message of ‘business as usual’ to organisations throughout the UK. This acquisition will reap benefits for staff, clients, and shareholders alike, long into the future.
Emphasis on business solutions
Warren Davies, Founder of Utilize added: “Utilize has made a total of six acquisitions in its history – all have increased bottom line profit and cash reserves within the first year of integration.
Equally as important, all have built upon our already highly skilled and established teams and this acquisition is no different. This puts us up there as one of the largest Sage partners in the South with our vision to become the largest.”
Rob Hardy, Managing Director at M2M commented: “Utilize are leading specialists in IT, managed services and cloud infrastructure. They have been successful in building a wealth of knowledge, which spans and influences different types of organisations and vertical markets throughout the South-East.
We feel that the knowledge and exciting new skillsets that M2M bring to the table through technologies such as Sage 200 , Sicon, Draycir, Power Platform and Power BI, provide a powerful combination that can really transform a company.”Learn more about Finance management