Pragma acquires Techland and forms EnableX Group

Pragma has announced it has completed the acquisition of Techland and formed EnableX Group, which brings together Pragma, Techland and Candio within the same group.

EnableX will be led by Will Morey as chief executive and Dean Mayer as chief financial officer. Tim Brooks, Pragma’s co-founder, will continue to be a key part of the leadership team supporting the ongoing growth of the business as commercial director.

Will Morey, chief executive, EnableX Group (pictured above), explained, “This transaction is a fantastic opportunity for us to continue to build a strong and growing business that remains 100 per cent dedicated to the reseller channel. The similar ethos and culture of both businesses was a huge driver in getting this deal done and underpins our clear focus on continuing to bring winning propositions to high growth resellers.”

Techland is a distributor and Platinum Partner of Ribbon’s UC enablement technology solutions. The company has seen significant growth in its recurring revenues and has supported resellers to help customers adopt Microsoft Teams and Zoom collaboration applications into their technology stack through deploying Ribbon technologies.

EnableX will focus on enabling the reseller channel with technology propositions that deliver growth across the Pragma, Candio and Techland brands. The group will support over 250 resellers and vendor relationships with global leaders, including Ericsson-LG, Ribbon and SO Connect as key partnerships.

Chris Morrisey, managing director at Lily Communications, said, “We are delighted to see a key supplier continue their growth journey and this transaction gives us access to a broader technology proposition. Congratulations to Will, Dean and the entire team on the deal, we wish them well on the next stage of their journey.”

EnableX Group worked with Knight Corporate Finance to raise growth funding from BOOST&Co to enable this transaction and support plans for continued growth.

Dean Mayer, chief financial officer at EnableX Group, added, “This provides an excellent opportunity to accelerate the growth of Techland within the EnableX Group. Having spent most of my career in private equity, I have been looking to invest and play a role in driving growth in a fast moving technology business. EnableX is just that and provides huge opportunity for our vendor partners, resellers and the team.”

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Charlotte Hathway

Charlotte is the editor of Comms Business and writes about the latest technology innovations and business developments across the Channel. Got a story? Get in touch – charlotte.hathway@markallengroup.com.

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