The Swindon managed services provider Excalibur has taken over Emnico Enterprises Ltd Technical Services, a private IT network management company.
Mobile communication and IT services provider Excalibur has agreed to a strategic alliance with sister company Emnico Technologies Ltd to deliver software and complete end-to-end customer solutions.
Emnico is the brainchild of Heydar Faramarzi, pictured, who started the company almost five years.
Now he has split the company with Excalibur taking over the IT side of the business and Emnico keeping the software firm.
The workforce of almost 20 has been split in two with half going to Excalibur and the rest staying with Emnico.
“This has been a win-win situation for everyone concerned with the deal,” said Heydar.
The move is the first in a series of strategic acquisitions by Excalibur aimed at accumulating skills and reinforcing its position as the leading provider of managed services to small and medium enterprises (SMEs) throughout the South West and M4 corridor. The acquisition will extend Excalibur’s technology, service and support portfolio and better equip it to deliver a complete end-to-end business service in telecommunications and technology.
Excalibur, a Microsoft Gold, Vodafone One-Net and Cisco partner and Blackberry Alliance Associate Member currently helps more than 5,000 UK SMEs to address needs relating to voice and data, business continuity, connectivity, cloud computing and IT outsourcing. Excalibur also manages over 30,000 mobile phone users.
“The Emnico Enterprises Ltd acquisition reflects Excalibur’s continued focus on repositioning the company as a complete unified communications and IT solutions provider to the SME market,” said James Phipps, managing director, Excalibur.
“The invaluable addition of a talented Emnico Enterprises Ltd team will help us to accelerate our IT services and support solutions for meeting customers’ evolving needs within these environments.”
Excalibur has acquired Emnico Enterprises Ltd’s assets with the aim to drive growth and increase turnover by £750,000.
The company has doubled revenue over the past three years and expects to contribute to fiscal 2012 growth by broadening its IT services and support portfolio and ultimately increase its E-bitda to £1.7m.
Excalibur provides an end-to-end business consulting service that offers expertise in communications and technology. Based locally with over 15 years’ experience, it employs 60 people.
Its dedicated account management and partnerships with industry leaders ensure that customers can benefit from reliable and flexible, business solutions.
Source:http://www.wiltshirebusinessonline.co.uk/news/9370702.Takeover_puts_firms_at_sharp_edge_of_IT/
