Daisy hopes Indecs buy will see services sales bloom

VAR claims £18m buyout of Worcestershire firm will boost its footprint in cloud and services

Reseller Daisy has added more than £10m to its top line after splashing out £18m on IT services, server and cloud firm Indecs.

The newly acquired Redditch-based firm works with vendors such as HP, IBM, Cisco, Dell and Oracle, and provides technical support for servers and cloud storage facilities. It claims its customer base is diverse and that it works with all types of businesses, from SMBs to blue-chip giants as well as the public sector.

In its latest fiscal year, ending 30 June 2013, Indecs' sales stood at £10.6m while its EBITDA profit came to £2.6m.

Daisy said its newest acquisition would help propel its growth, and the firm's chief executive Matthew Riley said: "Indecs represents a strong strategic fit and clear growth opportunity for the group.

"Its multi-vendor specialist maintenance and support services further expand Daisy's IT services offering and give the group the ability to support businesses on legacy IT systems as well as those investing in cloud solutions and cloud-based data storage.

"I believe this exciting expansion of our group's service offering, together with the cross-selling opportunities for both Indecs and our existing customer base, enhance the group's ability to deliver sustained growth."

Earlier this month, Daisy announced it was on track to meet full-year market expectations, which prompted a six per cent hike in its share price at the time. The firm added its recent buyout of fallen reseller 2e2's datacentre businesses was doing well, adding that it had made good progress signing up deals with its former customer base.