Essex-based IT services and infrastructure support company, Yellowspring has been sold to UK cloud services provider Amsiso. “The merged businesses will allow us to improve the level of service we offer our existing customers, as well as opening new opportunities in the buoyant Cloud Computing market in London”, Jason Snooks, Managing Director of Yellowspring. “We’re looking forward to working with Amsiso management team and leveraging their expertise in hosted and managed services.”
Yellowspring will also benefit from the addition of a City of London office, increasing their geographic reach.
Yellowspring been around for fifteen years providing premise-based IT services and solutions. Amsiso was established in 2013 by Ferdinand de Lisser, a former Director of BIS Limited and Richard Keyms, a former Sales Manager at Six Degrees Technology Group (BIS was sold to Six Degrees in 2013).
The sale was facilitated by Prism Corporate Broking, who had been working with Yellowspring for a number of years, advising on exit readiness, “When we first engaged with Yellowspring there were a number of factors that would have inhibited maximum value being achieved”, says Robert Fiske, Director of Corporate Finance at Prism. “However, the directors progressively addressed these prior to going to market and must be commended in building a very successful and ultimately desirable business.”