IT services provider Redsquid has acquired MSP OptivITy to enhance its network and security services and expand its team by 12 members.
This move also allows Redsquid to enter the film industry, with OptivITy supporting major UK film productions.
The acquisition, partly funded by Triple Point and cash reserves, marks Redsquid's largest deal to date, following three recent acquisitions.
Sohin Raithatha, CEO of Redsquid, said: “This acquisition is a pivotal moment for the Redsquid Group, propelling us into our next phase of growth.
“With OptivITy, we are entering a new industry and welcoming prestigious global brands into our community.”
Peter Bhachu, Founder of OptivITy, added: “To take the business to the next level I decided to partner with Redsquid as they could provide the business with the expertise and skill set to enhance our offering to our customers.”
Pictured l-r: Peter Bhachu, Founder of OptivITy, and Sohin Raithatha, CEO of Redsquid, and
