Flotek fires up UK presence with Simpology buy

The acquisition brings the company to £17m in revenue

Managed IT and comms service provider Flotek has acquired Simpology UK to boost services for SMEs and multi-site companies in London, Cambridge, and surrounding areas.

The two companies already share partners such as Microsoft, N-able Cove, and ZEN Internet.

The newly acquired firm also works with Cisco, GFI, and AVG.

Established in 2003, Simpology UK was co-founded by Lee Frankham and Mark Balaam.

The solution provider works with SMEs and multi-site companies, with a focus on emerging technologies and large clients.

Frankham now assumes the role of MD, and Balaam serves as technical director of the company.

They will both remain with the company.

The incoming transition period will focus on aligning services across cybersecurity and communications services, as well as expanding Flotek's regional presence in London and neighbouring areas.

"This acquisition brings over 50 new managed support customers, plus more than 50 customers under the IT4Hair retail focussed sub-brand, as well as an additional £1m in revenue, taking our total to 120 employees and £17 million in revenue,” said Jay Ball, CEO of Flotek.

“The acquisition aligns with our vision to continue our market leading growth and provide exceptional IT and cybersecurity support to SMEs across the UK."

Frankham added: "We see many similarities between the teams at Flotek and Simpology.

“The integration of Flotek's products and services will open new growth opportunities for our customers, and we are excited about the future.

“With Flotek, we anticipate growth in our business by leveraging their national team and products and services."

This announcement comes less than a week after the Welsh firm purchased the remaining equity of managed print and web development organisation OES.

The buyout also saw OES’ managing director, Wayne Jones, becoming group sales director.