This acquisition forms part of Pulsant’s strategy to enhance capabilities and strengthen its market position. The acquisition will benefit both existing and potential customers.
Onyx focuses on providing cloud, colocation, remote and on site IT management, workplace recovery, applications management and security solutions to customers. Backed by mid-market private equity firm Livingbridge in 2011, it now has five data centres in Edinburgh, Glasgow, Sheffield and Newcastle, and other business continuity centres and offices around the UK. The company’s staff, technology platforms and infrastructure will be integrated with Pulsant’s over the coming months.
The combined business will have almost 400 staff, revenues of £75m and over 4,000 customers in a variety of industries. Its operations are underpinned by a network of 15 owned and operated data centres across the UK, and leading edge private, multi-tenanted and public cloud platforms.
‘Bringing Onyx and its capabilities into Pulsant is the latest step in our targeted acquisition strategy. The acquisition increases the scale of our business and the breadth of services we can offer, which is crucial as multi-cloud environments become more complex and more important,’ said Pulsant CEO Mark Howling.
Neil Stephenson, Onyx CEO, commented, ‘We have known Pulsant for many years and always felt that combining Onyx and Pulsant would provide a very strong UK-wide player. Both businesses have complementary capabilities and locations, and this acquisition enables the enlarged business to offer a stronger, broader range of services to our joint customers. The cultures of our two organisations are also very similar, which was a big factor in selecting Pulsant as the acquirer.’
Pieter Knook, Pulsant’s existing chairman, will continue to serve on the board as deputy chairman.