Technology firm accelerates growth strategy with new acquisition

Mergers & Acquisitions | Technology | Yorkshire

Roc TechnologiesUK-based transformation services provider, Roc Technologies has announced the acquisition of Esteem Systems, which provides data centre, cloud and managed services.

The acquisition accelerates Roc’s strategy of becoming one of the UK’s leading providers of programme, process and platform services.

It will also enhance both organisations ability to deliver on the needs of their customers for performance acceleration through business and digital transformation.

Matt Franklin, CEO of Roc Technologies, said: “I am delighted to be able to welcome Esteem Systems and our new colleagues into the Roc family.”

“Our strategy at Roc is simple; to become the most valuable partner in our customers digital transformation strategy, and through that value-driven customer relationship, drive Roc’s growth and reputation in the market.

“Esteem brings recognised strength in Private and Public Cloud solutions and services and a strong managed services portfolio. Together we can serve the Intelligent Infrastructure and Cloud needs of our customers.

“Esteem has also built a significant managed services business, which when added to Roc’s managed services capabilities creates an incredibly strong annuity driven business.

“Roc’s unique capabilities in programme management and business process transformation will deliver incremental value to Esteem’s customers, and together we create one of the most capable providers of business and IT transformation services in the UK.

“The coming together of Roc and Esteem Systems is 100% complementary in portfolio, customers, industry focus, and geography, and I am absolutely thrilled that together we can extend new value to our joint customers and accelerate our next phase of growth through a truly differentiated customer offer.”

The acquisition will build strategic customer value by extending the digital infrastructure and managed services capabilities of both organisations.

The combined business will have projected 2019 revenues of £80m, EBITDA of 9% and rising, 350 employees, UK-wide sales and support coverage with offices in Newbury, London, Wetherby and Glasgow, and secure UK managed service centres in Newbury and Woking.

Did you enjoy reading this content?  To get more great content like this subscribe to our magazine

Reader's Comments

Comments related to the current article

Leave a comment

Your email address will not be published. Required fields are marked *