Teneo acquires UK networking partner

Reading-based firm looks to bolster services capabilities

Teneo has acquired networking partner Geode Networks Europe in a move which it claims will bolster its services capabilities.

Geode is a Cisco, Fortinet and Riverbed partner based in Gloucestershire.

Teneo CEO Piers Carey said: "Our customers struggle to provide seamless global IT operations in this ‘always-on', digital and data-driven era and are moving away from the concept of owning and managing technology themselves. Instead, they seek the additional ‘smart person in the room' to analyse operations on their behalf.

"Services First is one of our growth strategies and Geode has an excellent reputation for delivering services. Not only that, but their people are exceptionally smart. Their company DNA is a great fit for our business and helps us to provide exactly what our customers are asking us for.

"Having Geode's capabilities driving our service delivery arm gives us the opportunity to diversify, and accelerate the way in which we introduce relevant, cutting-edge technologies to our customers, understanding their needs through consultancy and delivering technology as a service."

Riverbed-based Teneo added that it will utilise Geode's engineering capabilities to build out its services platform.

For the year ending 30 June 2017 Teneo reported revenue of £19.7m.

The firm is no stranger to acquisitions, having completed a hat trick of US takeovers last year.

Nigel Townsend, director at Geode, said: "Teneo has a unique structure that provides global reach and fantastic deployment capabilities so this certainly opens up new markets for us geographically.

"Equally, the exclusive industry partnerships we've established at Geode opens up new markets for Teneo."