Communicate Technology, a firm specialising in IT, telecoms, and security, has secured backing from Rockpool to advance its buy-and-build strategy in the IT services sector after three acquisitions.
The company operates its own fibre network, a Network Operations Centre in Teesside, and a 24/7 Security Operations Centre in Leeds.
Founder Tony Snaith (pictured) and the executive team are re-investing alongside Rockpool, with Roger Flynn joining as Non-Executive Chairman following the investment.
Snaith said: “This investment into Communicate is a clear next step for us to achieve our growth strategy. Working with Rockpool will open doors for us to expand our full-service offering to more businesses and multi-tenanted sites.”
Tom Coey, Investment Director at Rockpool, added: “This investment marks the first step on a buy-and-build journey. It is very rare that we back a business that has already sourced, completed and integrated three acquisitions to date.”
