Calyx is revving its M&A engines again, buying a brace of mid-market software VARs that will add £6.2m to its turnover.
Better Capital, the private equity firm that bought 300-strong Calyx from administration in September, today announced it has advanced £6m to allow Calyx to make two bolt-on acquisitions.
These are Touchstone, a supplier of integrated business software and Trinity Computer Services, a developer of wholesale and distribution application software products.
The pair both sell to mid-sized UK organisations and have annual sales of £3.2m and £2.9m respectively.
Trinity's products use Microsoft Dynamics GP as the core finance system and Better Capital said the transaction would create the UK's largest Microsoft Dynamics GP reseller, with more than 500 customers.
Telco also announced series of initiatives to drive digital growth in the UK
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