Jungle IT swings into M&A territory with first acquisition

Managing director says deal is the first of many

Yorkshire-based MSP Jungle IT has acquired the IT operation of accountancy firm Mazars for an undisclosed fee.

Founded in 2014, Jungle claims to turnover £6m and counts Dell, HP and Microsoft among its vendor partners.

Jungle managing director Jonathan Asquith said: "The former Mazars IT services operation is a great fit for us and it will very much be ‘business as usual' for existing clients.

"The acquisition will also enable us to harness the skills of this experienced team to rapidly expand our managed services offering to SMEs throughout the region and support their digital transformation.

"It is the first of a number of acquisitions we plan to make as we build up our services to offer a complete portfolio of managed IT services to Jungle clients."

Jungle said that the employees attached to Mazar's IT team have joined the business as part of the deal, creating a team of 22.

Oliver Hoffman, managing partner at Mazars, said: "Having provided our computer hardware needs for over ten years, we have a strong relationship with Jungle IT and were confident that they would be able to offer the same high standards of service to our clients as well as enabling our established IT team to continue to work together."