Core Technology Systems expands into Scotland with CompanyNet acquisition
London-based Core will attain 25 employees and offices in Edinburgh and Glasgow as part of the deal
Core Technology Systems has acquired Scotland-based CompanyNet as it looks to expand geographically and strengthen its technical capabilities.
Founded in 1996, Microsoft Gold partner CompanyNet delivers and supports Microsoft 365 and Azure solutions for organisations across the country.
The firm also offers managed services and modern workplace solutions to customers in sectors including financial services, food and drink, legal and the public sector including the NHS.
London-based Core says acquiring the business will allow for "greater capability and additional resources".
The Microsoft, Beezy and Quest partner says the move also provides geographic expansion into Scotland, adding 25 employees and offices in Edinburgh and Glasgow to the business.
CEO of Core Technology Systems, Conor Callanan, said: "We are delighted to complete the acquisition of CompanyNet, a highly skilled and customer-centric company whose values align to ours.
"We are focused on developing capability and excellent levels of service for our customers, and this acquisition means greater capability and additional resources.
"We have developed long-lasting relationships with our customers and partners because they trust in our delivery of service excellence, and this expansion provides opportunity for us to add more value to our existing and new customers."
Andy Hamilton, CompanyNet CEO, felt Core fits within its broader strategy and is "delighted" to have culture and values that align.
"We are pleased to confirm Core as our partner of choice, demonstrating the experience, values and expertise that ensures our business remains in excellent hands," he said.
"We are confident this agreement represents the best interests of CompanyNet employees, customers, and partners, providing great opportunities for both parties."
The acquisition was completed with a funding package from ThinCats, and with support from M&A platform for mid-market transactions in the technology industry Danescor.
Stuart Thompson, head of transitional capital at ThinCats, said: "We are thrilled to have supported Core with this acquisition.
"CompanyNet is a perfect fit and will enable the business to expand its proposition and reach even more customers across the UK. It has been a pleasure working with Conor and the Core expert team, and we are looking forward to seeing their continued growth."