Daisy Group has announced that it has acquired the entire issued share capital of The Net Crowd Limited for an undisclosed consideration.
NetCrowd is an IT data specialist that provides ‘white label’ professional services, maintenance and installations to the UK channel. The business works with vendors including Cisco, Juniper Networks, HP and Microsoft to provide complex and specialist IT services, delivered through its highly qualified in-house engineering force.
Following completion of the acquisition NetCrowd’s existing senior management team will continue to run the business, reporting into Daisy’s Wholesale division. They will continue to be led by Managing Director Trevor Rolls and Sales Director Steve Kirby, who have a wealth of experience in the IP data market, Trevor having previously established and managed Prime Business Solutions, the IP Telephony company he sold to 2e2 in 2004.
Matthew Riley, Chief Executive Officer of Daisy, commented on the deal “As a fast-growing business with an experienced management team we believe this acquisition further enhances our service offering. This deal provides a strong foundation for Daisy Group in the growing IP and data market, and is a great strategic fit for the evolution of the business.”
“The board believes this acquisition will drive further cross selling opportunities within our enlarged base while also providing Net Crowd’s customers with direct access to the Group’s full portfolio of products and services.”