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Triple Point-backed Redsquid completes double swoop

Redsquid has enhanced its presence in the education and public sectors following the acquisition of MSP Covue and comms provider Connect2.

This follows a funding agreement with Triple Point, preserving the company under the sole ownership of co-founders Sohin Raithatha and Vince Mignacca.

Raithatha stated: “The acquisition of Covue and Connect2 marks a significant milestone for Redsquid, strengthening our market presence and expanding our reach in crucial areas of the education sector through Covue's proprietary technologies and network.

“We have had a close relationship with Connect2 for years and followed its growth journey. Redsquid will introduce its technology portfolio into Connect2's customers organisations, giving them one unified partner to work with through the digital transformation.”

These transactions bring Redsquid's acquisitions to five, with Raithatha hinting more deals as part of the firm’s UK-wide expansion plan.

Pictured (l-r): Sohin Raithatha and Vince Mignacca