Magnos Holdings is planning to increase Solid State Solution’s geographical scope, following its recent acquisition of the storage VAR for an undisclosed sum.
Under the terms of the deal, Solid State will continue to trade under its S3 brand name, with founder and managing director Roger Smith continuing to work for the VAR in a consultancy role.
“We were formed 18 years ago and thought that it was time for consolidation in the data storage reseller base. It is business as usual for S3 and I will stay with the company after the acquisition on a consultation basis,” Smith said.
The purchase of S3 marks Magnos Holdings’ first acquisition since its creation after being spun out of Magnos Consulting, a three-man consultancy firm based in Harrogate.
Barry Jones, business development manager at Magnos Holdings, said that the company was set up specifically to acquire enterprise-focused storage resellers, but he added that there would be no immediate changes to S3.
“We chose to acquire S3 because it was in the right geographical region and because it produced the best revenue among its competitors. S3’s customers won’t notice any difference immediately other than we will be expanding our geographical focus,” he said.
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