Cheltenham comms firm acquired by national business
A Cheltenham communications and IT specialist has been acquired by a national business.
CloudClevr has announced the acquisition of Bamboo Technology Group.
The investment follows an earlier investment in NGC Networks and 4Sight Communications and it also gives CloudClevr increased geographic coverage in the South West.
The deal will bring complementary communications and IT capabilities to the group as well as significant additional scale.
The acquisition is the third in a series of strategic investments which sees CloudClevr emerge as a next generation managed services provider focused on delivering converged cloud, IT, and communications services.
Steve Harris, chief executive of CloudClevr has assumed the role of chief executive of Bamboo Technology Group with immediate effect.
Lorrin White and Stuart Davies will be staying on in an advisory capacity.
Stuart Davies, founder of Bamboo Technology Group said: “It is clear that there is a very strong cultural and strategic fit between CloudClevr and Bamboo. I am pleased that the business will continue to thrive under new leadership and as part of a the CloudClevr group.
“I am looking forward to working with Steve and the team as Bamboo and CloudClevr enter this exciting period of growth.”
Steve Harris said: “I am delighted to welcome the Bamboo team into CloudClevr and will look to support the existing leadership team to continue to grow the business. Bamboo brings key complementary capabilities and additional scale to the CloudClevr group that further underpins our deep technical capability across a truly converged portfolio.”
Bamboo Technology is a group of businesses that provide the essential ICT infrastructure and support to customers to build their digital future.
