Prime Networks snaps up fellow London-based MSP Our Tech Team

OTT provides services including IT support, cloud computing, VOIP and security

Acquisitive MSP Prime Networks has continued its buy-and-build strategy through the acquisition of London-based MSP Our Tech Team (OTT).

OTT provides services including IT support, cloud computing, VOIP and security and partners with the likes of Dell, Cisco and Apple.

Prime Networks claims the acquisition will add to its "expanding client base and will add further engineering resource for both project delivery and IT support services".

Mark Simons, MD of Prime Networks, said: "I am delighted to announce our acquisition of Our Tech Team which is our fourth transaction since we began our buy-and-build program, and the second transaction for us in 2021.

"We have been watching OTT's progress closely for a number of years, and I am delighted to welcome the team to Prime".

"With OTT, we are welcoming a number of great clients. I am also pleased to announce Joel Lassman's appointment to our board to head up our account management function across the group."

Prime, which is also London-based, now employs over 50 staff and provides IT services to over 400 SME's and mid-market clients following the acquisition, it claims.

The business secured a debt funding package with Clydesdale Bank in 2018 and announced the acquisition of Bournemouth-based MSP G3 Solutions in September.

It is "already in talks with additional targets to supplement its buy-and-build programme for 2022", the group added.

"This was an opportunity too great to pass up, and I am really excited for the great prospects for our clients and staff as part of Prime's wider group," Joel Lassman, founder of OTT, said.