One of Wales' leading IT firms has been acquired in a multi-million pound deal.
Circle, based in Cardiff, has been acquired by Arrow Business Communications, which has nine offices across the 海角视频.
The existing senior leadership team at Circle will remain in their current roles as part of the acquisition. As part of the deal Circle founder Roger Harry has also invested to become a major shareholder in the Arrow and will play a role in the strategy and the growth of the business moving forward.
Circle was founded in 2002 and has gone on to build a national customer base, with clients including 海角视频TV, Harrison Clark Rickerbys and Cardiff University. Circle, which employs more than 100, has Microsoft tier one CSP partner status. Circle, which earlier this year acquired Macclesfield- Fabric IT, will continue to trade under its name for the foreseeable future.
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Lincoln International and Harrison Clark Rickerby were lead advisors for Circle on the deal.
Mr Harry said: “I am delighted that Circle has joined Arrow and look forward to the opportunities that Circle will see as a result. Over the coming years I’m excited to continue to drive the growth of the business as a major shareholder in the Group. It is an exciting new chapter for us.”
David Jones, CEO of Circle, said: “Joining Arrow is a very exciting step in the growth and development of Circle. With the acquisition, we can work together to offer our customers a broader portfolio whilst delivering the same levels of exceptional service.”
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Richard Burke, CEO of Arrow, said: “I believe this acquisition completes Arrow’s solution portfolio and ensures we continue to provide relevant solutions across our three customer demographics of enterprise, public sector and mid-market.
“I am really excited to welcome the Circle and Fabric teams into the Arrow family. The cultural alignment of the businesses has stood out throughout the acquisition process, which in addition to the high level of technical skill sets across the organisations that will enhance Arrow’s cloud, Microsoft and networking capability even further following recent acquisitions, I’m sure the partnership moving forward will be a great chapter for us.”