Redcentric acquires AWS and Microsoft Azure partner Piksel

Piksel, which has offices in York and London, employs 93 people and delivers managed services across several areas

MSP Redcentric has acquired Piksel Industry Solutions for £9.5m in a move which it claims will "significantly enhance" its public cloud and security offerings.

AWS and Microsoft Azure partner Piksel Industry Solutions is a provider of IT modernisation and digital transformation services. With offices in York and London, the firm employs 93 people and delivers managed services across several areas including security, application development, DevOps and public cloud.

AIM-listed Redcentric claims the acquisition will "significantly enhance" its service offerings in both public cloud and security and will "immediately provide additional solutions to an enlarged customer base".

"This is an extremely exciting strategic acquisition for Redcentric and combines the secure, asset light, digital transformation capabilities of Piksel IS with the managed infrastructure, unified communications and connectivity solutions of Redcentric," Peter Brotherton, CEO of Redcentric, said.

"We are delighted that the combined portfolio will accelerate the Redcentric group's ability to deliver industry leading, transformative solutions to our customers and expands our capabilities in hyperscale public cloud and security."

Redcentric claims the acquisition "delivers on the board's stated strategy to assist growth through acquisitions".

The Harrogate-based MSP had previously sought a sale but brought that process to an end last November following failed talks with Macquarie.

"The acquisition is expected to be immediately earnings enhancing and the board believes there is scope to deliver attractive revenue and profit growth over the medium term," Redcentric added.

Paul Mardling, managing director of Piksel Industry Solutions, said: "We are looking forward to being part of Redcentric.

"The combined expertise of Redcentric and Piksel IS will bring benefits to both our customers and people. We are now part of a successful larger group and that will help us capitalise on the growing and substantial market for advanced cloud services, networks and cyber security."