Market News

Clipeum IT have completed the acquisition of Woodbridge based React Computer Partnership Ltd. 

React, a provider of managed IT services for local small and medium sized businesses, has over 25 years of professional IT support experience. The React brand remains, as do all the staff and management team. We will ensure that longstanding client relationships are maintained, whilst our experience and resources add considerable value. Clipeum IT will deploy more extensive cyber security services for React to offer to its valued clients, in order to keep them Cyber Safe. 

“In order to maintain the excellent company that has been grown organically for the last 25 years, fresh ideas and investment was seen as a necessity. It was always important that the excellent and dedicated staff were treated in the same manner, and to ensure the required potential to carry on their education to ensure our customers are using the latest technology as best as it can be. Clipeum IT met this criteria and has the proven experience to enhance the skills and provide additional business support to meet the future plans.” .

Alan Pledger, Managing Director – React Computer Partnership.

“React has been at the forefront of IT since 1997, expertly servicing clients all over the country. The Clipeum team are delighted to have joined forces with the team at React and we all are incredibly excited for what is to come!”. 

Attila Vitai, OBE, Chairman – Clipeum IT.     

About Clipeum IT 

Clipeum IT was formed to acquire mature and well-established IT service companies in the UK, with a mission to maximize their existing potential and expand their product offering to assist clients now and in the future. We are group of extremely experienced, positive and driven professionals who are focused on improving customer engagement, employing best of best group practices and ensuring that we provide the most effective products and services that enable our clients to operate efficiently while keeping them cybersafe. We provide acquired companies with the tools required to overcome obstacles and achieve their goals. Our aim is to invest and contribute new talent and expertise to take the business and its team to the next level. Clipeum IT is building an interlocking group of successful IT service companies to provide complete and secure IT solutions for small to medium size enterprises in the United Kingdom.   

Email: [email protected]   

About React 

React was founded in 1997 and run by three brothers; Francis, Richard and Alan, with valuable support from Office Manager (and sister) Penny and a team of highly skilled IT professionals.  Reacts philosophy as a business is influenced significantly by the founders father who’s simple, but often used mantra of “either do it properly, or don’t do it”.  As a result, the React Computer Partnership has been built upon a solid foundation of knowledge, and not guess work.  Computer systems are a critical business tool, and IT is simply too important to adopt a “give it a go” type attitude.  React has established a proud reputation for providing businesses across the UK with first-quality service, from IT hardware and software installation to comprehensive support.      

Website: www.reactcp.co.uk

Acquisition Completed

Market News

Onyx Acquisition Completed

The group has acquired a majority stake in Norwich based Onyx Business Systems LTD.

For over three decades Onyx has been a provider of managed IT services for small and medium sized businesses, building strong and long standing relationship with their customers in the process.

The trusted Onyx IT brand remains, as do all the staff and management team.

The Clipeum IT board will work to preserve what the founder’s have built, while maximizing the businesses potential for the benefit of its staff and clients. We ensure that longstanding client relationships are maintained, whilst our experience and resources will add considerable value.

In particular Clipeum IT will help build more extensive cyber security services for Onyx to offer to its valued clients and establish the company as a market leader in this area for the region.

“Onyx has been a market leader for 30 years and the board of Clipeum IT are delighted to have concluded the transaction and joined forces with Onyx. We are all looking forward to working closely with this team of dedicated IT professionals and it is our belief, that in doing so, we will be able to achieve the next level in growth and expand the services offered to our valued clients.”

Attila Vitai OBE, Clipeum IT Chairman

Onyx IT: www.onyx-it.co.uk   

Market News

10 Things to Consider When Selling Your IT Business

  1. NON-DISCLOSURE AGREEMENTS
    Make sure you get a signed non-disclosure agreement before any detailed discussions, and before sending over any financial information.

  2. PROFESSIONAL REPRESENTATION
    The individual/company interested in your business should have professional firms (accounting and law) if they are serious about acquiring.

  3. STAFF CONCERNS
    It’s expected that you will have genuine concern for your staff and their livelihoods, an acquisition does not equate to loosing staff, the staff are the backbone of the company and should be treated as such.

  4. POST-ACQUISITION BEST PRACTICE
    If you want, you should be able to maintain visibility of the business and see how it’s being run, post-acquisition.

  5. MODEL FOR SUCCESS
    You should know what “model for success” the buyer will implement for your business.

  6. CLEAR COMMUNICATION CHANNELS
    Make sure there are clear communication channels, and anything discussed worth noting, should be confirmed via email.

  7. GETTING DOCUMENTS IN ORDER
    Provide all requested information (your accountant should be able to help) such as financial statements, current management accounts etc for the buyer to value the business but remember to get your signed NDA (point 1).

  8. REASSURANCES
    Get all the reassurances you need that the business, you have worked tremendously hard for, will be in good hands.

  9. TRANSPARANCY
    If acquisition discussions are progressing do remain transparent with staff, do not leave this to the last minute. You should be able to get a good feel of how your business will be run during the negotiation process, as mentioned in point 4.

  10. SAY WHATS ON YOUR MIND
    Don’t be afraid to mention what is important to you, it’s a people business not numbers, if something doesn’t sit right with you say something sooner rather than later.