As predicted by CRN (CRN, 11 December), InTechnology has moved quickly to bolster its managed services portfolio following the sale of its distribution arm, acquiring IP telephony specialist EEscape Holdings.
EEscape is the parent company of Exovus, which InTechnology said designs, builds and operates a broad range of voice, data and IT communications products and services.
InTechnology is paying a total cash consideration of £6.6m to acquire a 100pc stake in the business, consisting of a basic sum of £3m and £3.6m to cover debts. Exovus made a group pre-tax loss of £2m and has net liabilities of £4.1m.
InTechnology will combine its conquest with its Managed Voice Services Division, which it formed back in May.
Peter Wilkinson, chief executive at InTechnology, said: “Week by week, we are seeing increasing demand for our VoIP services.
“This is an area of exciting growth and one we want to focus on. Today’s acquisition completes our VoIP offering, adding strong telecoms skills and delivery to our strong data and network capabilities.”
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