Managed service provider snaps up cloud services firm in multimillion-pound deal
Newark managed service provider Timico acquired Cambridge-based Arcus Cloud Services (ACS), the Amazon Web Services (AWS) advanced consulting firm, in a multimillion-pound deal.
The deal will see ACS add to Timico’s growing cloud capability and its continued investment into the UK public sector market – complementing its recent appointment to the G-Cloud 12 Framework.
Timico says the move will bring new opportunities for both Timico and ACS customers through a broadening of digital services, delivering long-term partnerships across a growing corporate, public sector and enterprise customer base, with traditional SMB and telephony customers now representing less than 10% of total revenues.
Timico’s CEO, Neil Muller, said: “Arcus Cloud Services marks an exciting development in the continued evolution of our business and further strengthens the growing portfolio of our digital infrastructure services and solutions. The highly talented ACS team has an excellent pedigree as an established and trusted AWS partner, and we are delighted to be adding their knowledge and professional capability to our Hyperscale Hosting Practice. We’re looking forward to welcoming the ACS team to Timico and delivering our customers further long-term customer value.”
Arcus Cloud Services’ managing director, Tim Lancaster, said: “We are excited by this next step on our journey and I am confident we are joining the right people at Timico to enable further growth and success for both us, and our customers.”
Timico and ACS will continue to operate autonomously under their respective brands.
Simon Hitchcock, managing dartner at Horizon Capital, private equity backer to Timico, added: “Neil joined Timico two years ago and has successfully transformed the business. The ACS acquisition is an important step in building a market leader in the digital transformation market and is the third acquisition we have made with Timico since our investment. We look forward to supporting Timico in further acquisitions of technically brilliant, high growth businesses with strong cultures like ACS.”