Managed services provider EACS has acquired the privately held IT services company Sentronex. Based in London, Sentronex provides high quality disaster recovery and IT managed and professional services to the UK's City financial organisations.
Founded in 2005, this award winning company works specifically with FCA regulated businesses, using its specialist understanding of this sector to design and produce solutions that address the demanding needs of its clients.
The move represents a significant acceleration for EACS, with the business achieving growth that will secure £30m in revenues in 2018. The acquisition consolidates and builds upon the company's position in financial services sector.
Commenting on the acquisition, Kevin Timms, CEO of EACS said: "Sentronex has built a well-deserved reputation for great service within the financial services sector over many years. This acquisition enables us to add a fantastic set of clients to our business from a base in London of high quality technical resources. Significantly, Sentronex's disaster recovery services adds an important new dimension to our managed services portfolio and Sentronex customers will have the advantage of EACS's end-to-end cloud and business consultancy portfolio.
"This acquisition satisfies one of EACS' stated business focusses for growth and will provide benefit for its clients, employees and partner network to provide enhanced and connected solutions to customers."
"We will work to bring these businesses together quickly, but our clients will be able to benefit from the combined capability immediately"
Reinforcing the comments from Kevin, outgoing CEO of Sentronex Mark Parnell-Hopkinson, said: "This is a great move for Sentronex and our clients. Sentronex customers gain an important level of scale and breadth of service provision that will be a big advantage to them and our employees. The opportunity it provides is excellent"
Upon the close of the acquisition, Sentronex will remain a trading business although it will become fully integrated within EACS. Financial terms of the transaction are undisclosed.