Bamboo Technology Group has acquired fellow managed service provider Tech OP Solutions as the first step of its previously announced “buy and build” strategy.
Established in 1983, Cheltenham, Gloucestershire-based Tech OP provides IT managed services to SMEs across the UK south-west. It also provides solutions to the public sector as part of outsourcing contracts.
Lorrin White, managing director of Bamboo Technology, said: “We have been partnering with Tech OP for a number of years now, working together in providing their customers with connectivity, whilst they have supported ours with managed IT services and cyber security consultancy.”
White said: “We are now moving on to the next stage of our growth strategy and ramping up activity with an aggressive acquisition trail. The team at Tech OP bring proven solutions and considerable technical skills and expertise with them, which perfectly complement our own proposition.”
Sam Wilson, managing director of Tech OP, said: “Joining the Bamboo group provides an excellent opportunity for Tech OP and gives us a real strength and depth in supporting our customers who aim to exploit cloud and mobile technologies.
“There are clear synergies between the businesses and the whole team here are looking forward to the opportunity of working with new and existing customers, helping them to manage their data and connectivity.”
Tech OP will be fully integrated into the Bamboo group over the coming months. Its vendor partners include Microsoft, HP Inc and Sophos. For the 12 months ending 30 June 2018, Bamboo saw its sales drop 9% to £11m.
