Circle IT hits £25m sales after Microsoft Dynamics partner acquisition

Reseller acquires Gold-level Microsoft partner Fabric IT

Circle IT has hit £25m in annual revenues after acquiring Gold-level Microsoft Dynamics partner Fabric IT.

Based in Macclesfield, Fabric IT is a Microsoft Dynamics, cloud and managed services business with £3m in annual revenues.

Circle IT, which ranked #250 in CRN's VAR 350, claims that the acquisition will boost its annual sales to £25m and create a team of more than 100 staff.

The Fabric IT business will become part of the Circle Group but will operate autonomously, Circle IT claims.

The deal will bolster Circle IT's Microsoft Cloud portfolio, including in CRM and ERP solutions as well as its Power Apps and Microsoft Modern Workplace capability.

Cardiff-based Circle IT saw its revenue decline by six per cent for its year ending 30 November 2020. The firm claims that it has purposefully stepped away from low-margin product sales and towards managed services.