Completes first acquisition under Horizon ownership
1st November 2018 – Managed service provider Timico is delighted to announce the acquisition of 25sevenIT, an IT managed services provider as part of its strategy to become the UK’s leading independent ICT Managed and Cloud Services company.
The multi-million-pound investment will bring new opportunities for Timico and the customers of the enlarged business which offers end to end solutions which span national core network connectivity, ICT managed services, digital workplace, security and cloud.
London based, 25sevenIT has a blue chip customer base with a particular focus on the hospitality sector which will further strengthen Timico’s existing footprint in the sector. Further, it brings proven consultancy and cloud capabilities to complement the managed services it provides to its customers.
Geoff Neville, Chairman, Timico, says, “Timico helps ambitious businesses to unlock their potential with the use of the right technology – and this acquisition marks an exciting development in the continued evolution of the business. 25sevenIT has an excellent pedigree as an established provider and we are delighted to be adding its knowledge and expertise to our business.”
Mark Hanson, MD, 25sevenIT, says, “We believe that technology should be an investment that delivers a significant return to the bottom line of a business, and we are delighted that we are being acquired by a company whose objectives and priorities align with ours.”
This acquisition forms part of an exciting week for Timico, which has also appointed Neil Muller as incoming CEO, hot on the heels of announcing John Holt as new COO.
Timico is a managed service provider that delivers world-class connectivity, workplace and cloud technology to over ten thousand customers. From on-premise and colocation to fully managed services, Timico drives performance at every stage of the business lifecycle. Many ambitious businesses are hindered by their outdated IT, and Timico helps them realise their full potential.
25sevenIT is an IT provider that partners with businesses and their teams, aligning technology to help firms reach their business goals. It is 25sevenIT’s job to ensure that a company has the technology solutions and resources it needs to be productive, efficient and successful. 25sevenIT is a Microsoft Gold Partner, providing everything from remote and onsite support to cloud migrations, cybersecurity and EPOS management, tailoring its solutions to meet every business’s unique requirements and high expectations.