By Ty Trumbull • Sep 6, 2022

Core Technology Systems has acquired Scotland-based MSP and Microsoft Gold Partner CompanyNet Limited for an undisclosed amount.

This is the technology M&A deal number 785 that ChannelE2E has covered so far in 2022. Browse over 2,000 technology M&A deals involving MSPs, MSSPs and IT service providers listed here.

Core Technology Acquires CompanyNet

Core Technology was founded in 1990 and is based in London, UK. The company has his 68 employees listed on LinkedIn. Core Technology specialties include Microsoft SharePoint Consulting, Microsoft Online Services, Microsoft Office 365, Windows Intune, Managed Services and Support, Windows Azure, Virtual SharePoint Teams, SharePoint Training, Microsoft Dynamics CRM and CRM Online, Windows 10, Cloud Computing. and cloud. Services and Microsoft 365.

CompanyNet was founded in 1996 and is based in Edinburgh, Scotland. His 111 employees are listed on LinkedIn. CompanyNet’s areas of expertise include Business Consulting, Digital Transformation, Software, SharePoint, Cloud, Office 365, Intranets, Portals, Collaboration, Collaboration, Business Process Management, and O365.

The strategic acquisition will strengthen Core Technology’s technical capabilities while also giving the company a larger foothold in Scotland, the company said. The deal will bring his 25 employees and offices in Edinburgh and Glasgow.

Core Technology Systems Acquires CompanyNet: Executive Insight

Conor Callanan, CEO, Core Technology

Core Technology CEO Conor Callanan commented:

“We are delighted to have completed the acquisition of Companynet, a highly skilled, customer-focused company whose values ​​align with ours. and this acquisition means better capabilities and additional resources.Customers and partners trust us to deliver superior service, so we We have built a long-lasting relationship and this expansion gives us the opportunity to add more value to our existing and new customers.”

CompanyNet CEO Andy Hamilton said:

“We are delighted to recognize Core as our partner of choice and to demonstrate the experience, value and expertise that ensure we keep our business in excellent hands. We are delighted not only to be a fit, but to be aligned with our cultures and values.We believe this agreement represents the best interests of CompanyNet’s employees, customers and partners and presents a great opportunity for both parties.” .”

The Farleys Solicitors corporate team advised on the acquisition, with Debbie King providing legal advice and support from Amy Duncan.

The acquisition was completed with a financing package from ThinCats and support from Danescor, an M&A platform for mid-market deals in the technology industry.