Top Story

Intercept IT Snapped up by Alternative in £12.95m Aquisition

Alternative Networks has acquired Intercept IT for £12.95m. Intercept is a provider of hosted desktop solutions to the SME market, as well as desktop and server virtualisation services to enterprise business customers running on-premise IT infrastructure.

Both Alternative and Intercept sell directly into similar sized and similar vertical businesses within the SME and Enterprise markets, so the respective customer bases are highly complementary, providing plenty of mutual opportunities.

Edward Spurrier, Chief Executive of Alternative Networks, commented, “With Intercept’s twin offerings we will significantly broaden our range of IT services as well as acquire a well-established platform to deliver additional cloud services. Intercept has an exceptional pedigree in virtualising IT infrastructures, having virtualised over 5,000 servers and more than 2,000 different applications in 30 languages, realising millions of pounds worth of savings to their customers.

We are delighted to have completed this acquisition against considerable interest from other parties. It provides a further stimulus to organic growth across the Group, as it presents good cross sell opportunities into our respective customer bases.”

The following two tabs change content below.

David Dungay

Editor - Comms Business Magazine
If you have any comments please click the link
Comments 0

Leave a Comment