Fast-growth technology company snaps up cloud firm in seven-figure deal

FAST-GROWTH technology company Oriium has bought a cloud migration business in a seven-figure deal.

London-based add3 has been bought by the Wetherby-based data management and infrastructure business.

The combined businesses provide ORIIUM partners with a route to capitalise on the growing trend of application migration to cloud providers such as Amazon Web Services (AWS), Microsoft Azure and private cloud suppliers.

Chris Kiaie, ORIIUM managing director said “I’m delighted to welcome add3 to the ORIIUM family. This acquisition expands our service capabilities and brings considerable value to our partners and clients. With this acquisition we have gained a high quality application practice with a southern presence and high profile customer base.

“While some businesses may be apprehensive in light of recent political and economic events, we are confident we have created the foundations for a solid, scalable business and this acquisition underlines our confidence.”

The founders of add3, Danny Clarke and Andy Hopkins retain an interest in add3.

Danny Clarke, add3 said “ORIIUM provides a perfect complementary fit to our application practice and we share the same values and reputation for service excellence.

“Oriium has ambitious growth plans and we’re excited about delivering transformative application and cloud migration services to the Channel”.

Chairman of Oriium Ryan McCarry said “This acquisition is the first of several that delivers against our strategic growth objectives.

“In the last few years, Amazon Web Services and Microsoft Azure have extended their market dominance and the add3 acquisition ensures we are aligned and will benefit by providing complimentary services”.

Oriium was advised on the transaction by Marcus Armstrong, corporate partner at Shulmans.

The company employs 50 people across its operations