Gateshead tech group Aspire Technology Solutions has expanded its footprint after snapping up Glasgow business Cloud Cover IT.
The cyber security and IT solutions provider, based at Pipewell Studios on the banks of the Tyne, said the addition of managed service provider Cloud Cover IT marks a strategic acquisition for the growing group, which is seeking to expand into new UK regions and grow its portfolio of technology solutions.
Cloud Cover IT has been delivering IT support and digital transformation solutions for more than 11 years and it will now have access to the full range of Aspire products, solutions and expertise to offer to its customers. The deal will see the company, which had 34 employees in most recent accounts up to April 2022, become a part of the Aspire group with its software development and business applications division being rebranded as ‘Flyte’.
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The company said the move puts it in a strong position to make ongoing investments.
Chris Fraser, Aspire CEO and founder said: “Our acquisition of Cloud Cover IT marks a new and exciting chapter for both companies. This move will strengthen our presence in Scotland, positioning us in a thriving market.
“The Cloud Cover team will become an integral part of the Aspire group, and together, we believe we can grow significantly in this key strategic market. I’m excited to see the opportunities accelerate as we offer customers, present and future, the innovative solutions that they need in a changing world. Exciting times lie ahead.”
Lance Gauld, founder and MD at Cloud Cover IT, said there was a synergy between the two companies, adding: “Multiple factors drew us to Aspire; they are an outstanding company. The alignment between our organisations and how we complement each other is evident.
“We share similar values in our approach towards our people, customers, and objectives. This partnership is not merely a merger with a large IT company; it is a collaboration with a leading UK technology provider that understands us. As part of the Aspire group, we can grow our footprint further and broaden our offerings with access to more expertise, resources and an extensive portfolio of solutions to help our customers drive their businesses forward.”
Aspire – a former North East Company of the Year award winner – has seen significant growth since its launch 17 years ago and now serves more than 1,700 customers. The firm has its head office on Tyneside and also has offices in London, Leeds, and Teesside.
The company is backed by private equity firm LDC and recently appointed Tom Howard as chief financial officer to help shaped the company’s financial strategy and aid its organic growth and expansion through acquisitions.
