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Cybit Acquires Technique Ltd
Cybit Acquires Technique Ltd to Expand UK Reach and Broaden IT Managed Services Proposition
21st March 2022 – Cybit is excited to announce its expanding capabilities nationwide for the provision of IT services and data analytics with Berkshire based Technique after a successful acquisition. This follows the successful acquisition of Cyphra in 2021.
Technique provide day to day IT support and project-based IT consultancy to organisations which do not have their own support staff or who require assistance for their existing team. Formed nearly 20 years ago, Technique has grown to help hundreds of businesses, across a wide range of sectors both in the UK and internationally.
The acquisition will allow Cybit to establish a foothold in the South of England (Thatcham), to complement the existing operations in the North of England (Newcastle), Scotland (Glasgow) and Northern Ireland (Belfast), giving greater geographical reach, broader market penetration and increased sales momentum across the UK. Furthermore, the move provides significant cross-sell and up-sell opportunities to accelerate growth and drive new and incremental revenues across the Cybit, Cyphra and Technique customer bases.
Commenting on the acquisition, Group Chairman Tom Kelly said:
“The acquisition of Technique is a clear statement of intent and a strong indicator of our ambition to create one of the leading IT Managed Services and Data Analytics Providers in the UK. The entrepreneurial flair and talent we have inherited through the acquisition is impressive and I can’t wait to start working with them as we look to grow and scale to the next level.”
“This move significantly bolsters our geographic presence across the UK, further accelerating our expansion plans and driving new market opportunities. We are fully committed to our growth strategy with future acquisitions and brand investment in the pipeline. Watch this space.”
Kelly Simkiss, Group CEO commented:
“The acquisition of Technique is an ideal fit for our group strategy. The addition will create a powerful proposition to deliver secure, end-to-end IT managed services to mid-market organisations across the UK. We see significant opportunities ahead for organic growth as we take advantage of the cross-selling and up-selling opportunities within each customer base. I see exciting times ahead and I look forward to working with the Technique team moving forward.”