One of the region’s leading IT firms has announced a major expansion with the acquisition of another company.
razorblue, which looks after several clients on Aycliffe Business Park, has revealed its move to the North-West region following the acquisition of the J-Media IT Managed Services business from Manchester-based CMAP Group for an undisclosed sum.
Founded in 2006 by CEO Dan Kitchen, razorblue has grown from just two employees to over 80, having recently expanded its Tees offices at Wynyard Park.
“We’re excited to have expanded our business into Manchester,” he said.
“Our roots are in the North of England, and with our client base located throughout the UK, it makes sense to acquire a business who are already doing what we do, but in a different geographic location.
“We’ve grown our team of trusted experts through this acquisition and we’re confident that this addition to the group will enable us to not only continue to serve the existing clients of both razorblue and J-Media IT Managed Services, but also new businesses across the country.”
The acquisition comes at an exciting time, following a 38% increase in turnover in 2018.
With offices in Wynyard, Catterick, Leeds, London and now Manchester, razorblue provides managed IT services, cloud, connectivity and business software for a wide range of SMEs, business parks and public sector organisations throughout the UK.
J-Media IT Managed Services clients will also be able to benefit from other products and services in razorblue’s portfolio including connectivity, cloud, and telecoms solutions.
Dave Graham, CEO of CMAP Group which owned J-Media, said “I’m really pleased that the acquisition by razorblue fits with our aspirations for the future of J-Media IT Managed Services.
“Not only will there now be a more extensive range of opportunities in terms of career progression for the technical team, razorblue also align with our view on how clients should be served.
“With razorblue’s new team in the North-West, I am confident that the acquisition will be a perfect blend of technical synergies.”
The acquisition has resulted in no change to razorblue’s board, with all five directors heavily involved in welcoming the existing J-Media team into razorblue’s, and ensuring existing clients’ contracts are fulfilled.
The firm says it intends to re-locate to larger Manchester offices in the near future to accommodate future growth.