Redsquid inks deal to buy Scottish MSP

This marks Redsquid’s third acquisition in the last month and its sixth in the past 12 months

Redsquid has acquired managed services provider Itek Systems Management, based in Fife, Scotland.

This marks Redsquid’s third acquisition in the last month and its sixth in the past 12 months, most recently with its takeover of Computer Security Technology.

Following Redsquid’s first buy in Aberdeen last year with IT Hotdesk, the Hertfordshire-based MSP now adds between 11-50 heads in Scotland with Itek, according to the newly bought company’s LinkedIn.

Itek is a 17-year-old MSP that offers managed IT support, managed iT security, IT consultancy and business continuity services.

Redsquid founders Sohin Raithatha and Vince Mignacca remain as the only shareholders and will continue to lead the company.

With a new office presence and the addition of Itek’s experienced team enhances Redsquid’s service offerings this strategic move also facilitates a quicker response to customer needs.

“I am very pleased to continue our investment in Scotland, and grow the Redsquid community across the wider UK,” said CEO Raithatha.

“The Itek team will seamlessly join our operations, and we look forward to bolstering our opportunity for having more people on the ground in Scotland to continue our presence as a local partner. Together, we look forward to driving growth and success in the evolving IT landscape”

Itek founder Euan Fielder will remain as managing director.

“The merger of Itek into The Redsquid Group will positively impact our people and clients on a daily basis,” Fielder said.

“We maintain close relationships with our customers and uphold industry-leading service levels.

“The resources available at Redsquid will enhance and improve our offerings to both existing and new clients. The geographical reach of The Redsquid Group will also extend our services to clients in England while maintaining our presence in Scotland.”