LDC-backed Aspire Technology Solutions, a UK-based cybersecurity and modern workplace Managed Service Provider (MSP), has announced the acquisition of Cloud Cover IT, an MSP based in Glasgow.
This is technology M&A deal number four that ChannelE2E and MSSP Alert have covered so far in 2023. See more than 2,000 technology M&A deals for 2023, 2022, 2021, and 2020 listed here.
This is an important strategic acquisition for Aspire, aligning with its vision for expansion into new UK regions and expanding its portfolio of cutting-edge technology solutions, according to a statement from the companies.
As part of this investment, Cloud Cover IT will become a part of the Aspire group, and its software development and business applications division will be rebranded as “Flyte.” The company will then be well-positioned to make ongoing investments and extend its business application offerings to better serve its growing customer base, according to the statement.
Aspire, founded in 2006, is based in Gateshead in the UK. The company has 226 associated members listed on LinkedIn. Aspire's areas of expertise include IT Managed Services, Cybersecurity, Connectivity, Cloud, and Unified Communications.
Cloud Cover IT, founded in 1997, is based in Glasgow, Scotland. The company has 27 associated members listed on LinkedIn. Cloud Cover IT's areas of expertise include Microsoft Cloud, CRM Online, VoIP Telephony, Azure, Server Support, Desktop, laptop and Tablet Support, Disaster Recovery, Cloud Backup Solutions, Exchange Migrations, SharePoint, Infrastructure Support, IT Support and Maintenance, Unified Communications, Microsoft Gold Partner, Microsoft 365, and 3CX.
Chris Fraser, Aspire CEO and founder said: “Our acquisition of Cloud Cover IT marks a new and exciting chapter for both companies. This move will strengthen our presence in Scotland, positioning us in a thriving market. The Cloud Cover team will become an integral part of the Aspire group, and together, we believe we can grow significantly in this key strategic market.”
Lance Gauld, Founder and MD at Cloud Cover IT, commented on the synergy between the two companies, saying: “Multiple factors drew us to Aspire; they are an outstanding company. The alignment between our organisations and how we complement each other is evident. We share similar values in our approach towards our people, customers, and objectives. This partnership is not merely a merger with a large IT company; it is a collaboration with a leading UK technology provider that understands us. As part of the Aspire group, we can grow our footprint further and broaden our offerings with access to more expertise, resources and an extensive portfolio of solutions to help our customers drive their businesses forward.”