IT specialist’s acquisition leads to £50m turnover business
Manchester-based IT cloud and managed services specialist, BCN Group, has acquired Evo-Soft, a Microsoft Dynamics 365 Business Central specialist, for an undisclosed sum
BCN was acquired by mid-market private equity firm ECI Partners in June this year.
The deal for Swindon-based Evo-Soft will bring the combined annual business revnues to more than £50m.
BCN says the acquisition provides it with an exceptional platform to provide solution-driven services for businesses across the UK.
The move enhances the group’s focus on, and capability of delivering, services and solutions from the Microsoft ecosystem.
Founded in 2001, Evo-Soft is a UK top 5 Microsoft Gold Enterprise Resource Planning (ERP) partner. The solution focuses on implementing, supporting, enhancing, and accelerating the use of Microsoft Dynamics 365 Business Central for customers that want to build on process efficiencies, integrate their business solutions, automate manual processing of data, and gain operational control.
Evo-Soft has developed its own bespoke software, Evo-Supply, for the importation, distribution, and simple manufacturing industries. The flexible distribution management software has been designed by Microsoft Dynamics developers with years of industry experience and is continually refined, ensuring new and improved features are available.
In addition, Evo-Soft has created specialist software for auction houses, aptly named Evo-Auction, a seamless and cost effective, front and back end content management integration tool. The software reduces errors, speeds up processes and provides full reporting of live auctions with full integration.
Rob Davies, CEO of BCN Group, said: “The acquisition of Evo-Soft enables BCN to provide more value to our customers, enabling them to continue their digital transformation journey, exercising the full benefits of the Microsoft ecosystem.
“The existing capabilities around development, Microsoft Modern Workplace, analytics and Microsoft Azure is heightened with the delivering of core business applications services with Microsoft Dynamics. As such we are delighted in supporting further growth with Evo-Soft as part of the BCN Group and even more excited in delivering further digital benefits to our mid-market customers.”
Derek Fisher, sales director, and founder of Evo-Soft, said: “We are a leading provider of Microsoft Dynamics 365 Business Central solutions to importers, wholesalers, distributors, and the auction marketplace. We transform businesses with our award-winning, extensive library of solutions.
“The BCN acquisition provides a true opportunity for Evo-Soft and our customers to leverage and incorporate the complementary portfolio of relevant and vital IT services required for today’s businesses to continue to scale and thrive.”
The acquisition has been supported by Chris Wilson and James Kerrigan from DLA Piper for legal due diligence and Catriona Lang of Dow Schofield Watts for financial due diligence.