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Systems Up acquired by iomart Group

June 17, 2015

Benchmark International is delighted to announce the successful sale of Systems Up Limited (SystemsUp) to iomart Group plc (iomart) in a deal worth up to £13 million.

London-based SystemsUp is a cloud computing facilitator for both the reseller market and public sector, focusing on IT technical consultancy for service providers and trusted partners alike. The company has a wide range of skill sets that include cloud strategy and migration services, system management, business continuity, storage and security.

Glasgow-based iomart is a leading provider of complex managed and cloud computing services. The company operates the chosen cloud computing marketplace through a number of specialist autonomous brands.

SystemsUp Managing Director, Peter Burgess, said on completion of the deal, “We have already built-up a significant reputation and expertise in helping organisations use public cloud to drive IT costs and improve efficiency. As part of iomart, we can leverage their award-winning managed services offering to deepen and widen our toolset to deliver a broader set of cloud services, alongside continuing to deliver the strategic advice and deployment of complex large public and private sector cloud projects.”

Over the last 15 years, the technology industry has experienced a high volume of M&A activity and the demand for cloud-based services is currently very strong from a variety of both domestic and international acquirers. Working on the SystemsUp project, Benchmark International generated over 100 interested parties, establishing significant competitive tension with several competing bidders brought to the table.

Everyone at Benchmark International would like to wish both parties well for the future.

systemsup

Americas: Sam Smoot at +1 (813) 898 2350 / [email protected]

Europe: Michael Lawrie at +44 (0) 161 359 4400 / [email protected]

Africa: Anthony McCardle at +27 21 300 2055 / [email protected] 

 

ABOUT BENCHMARK INTERNATIONAL:

Benchmark International is a global M&A firm that provides business owners with creative, value-maximizing solutions for growing and exiting their businesses. Benchmark International has handled over $12.5 billion in transaction value across various industries from offices across the world. With decades of M&A experience, Benchmark International’s transaction teams have assisted business owners with achieving their objectives and ensuring the continued growth of their businesses. The firm has also been named the Investment Banking Firm of the Year by The M&A Advisor and the Global M&A Network, as well as the #1 Sell-side Privately Owned M&A Advisor in the World by PitchBook’s and Refinitiv’s Global League Tables.

The content provided by Benchmark International, including articles, blog posts, videos, and other media, is for general informational purposes only and does not constitute legal, financial, investment, or business advice. While we strive for accuracy, the information may be based on third-party sources, market trends, and evolving industry data that are not independently verified or guaranteed to be current or complete. Any opinions expressed are those of the authors and do not necessarily reflect the views of Benchmark International. Market trends, forecasts, and forward-looking statements are inherently uncertain and subject to change. Nothing in our content should be relied upon as a substitute for personalized advice from qualified professionals. Benchmark International disclaims all liability for any loss or damage resulting from reliance on this content. Always consult with appropriate experts before making business decisions.

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