Intrinsic expands with Dataplex deal

HAYDOCK-based IT and telephone support firm Intrinsic Technology has acquired Dataplex Systems for an undisclosed sum.

Dataplex, which has offices in Manchester and Oxford, offers government and business clients a range of IT services.

Intrinsic said the deal will add sales of £10m to the business which saw turnover grow 17% to £28m in the year to November 30. Operating profits more than doubled to £2.5m – up from £1.2m.

It has been looking for acquisitions to strengthen its cloud computing services where clients store data remotely in ‘the cloud’ rather than on their own servers.

Managing director Mike Mason said: “Acquisitive growth is a key step in our growth strategy and Dataplex is an excellent fit. This investment will both strengthen our market position in the UK and create operational synergies.”

He added: “There is market appetite for ‘private cloud’ solutions, where companies retain core applications and storage infrastructure, ensuring corporate data is safe and secure.”

Corporate finance advice was provided by Manchester-based corporate finance boutique Ballard Evans. Law firm Napthens provided legal advice.