IT Lab has acquired Reading tech firm Sol-Tec.
This is the fourth acquisition since private equity firm ECI Partners acquired a majority stake in IT Lab in 2016. ECI typically invests in growth businesses valued up to 拢200m.
IT Lab, a tech solutions provider behind McLaren F1 sports cars, acquired SME specialist Mirus in 2019 and Microsoft Office365 and SharePoint partner Content and Code in September 2018.
Its move for Microsoft Azure partner Sol-Tec takes the turnover for the combined group to around 拢85m.
Sol-Tec enabled the transition of public sector giants including the Department of Work and Pensions, HMRC and Department for Education to the cloud.
Its Velocity Landing Zone proprietary methodology also supports a top-three UK supermarket chain and a top-five online financial services business.
Nik Topham, CEO and founder of Sol-Tec, commented: 鈥淚T Lab was the natural home for Sol-Tec, with its dedicated focus on Microsoft and the deep expertise already established across Modern Workplace and Dynamics 365, Sol-Tec鈥檚 exceptional Azure capability complements and strengthens the ability of IT Lab to help our combined clients truly leverage the power of the Microsoft Cloud.
鈥淚n addition to this being a great capability fit from our client鈥檚 perspective, our cultures, ethos and ambitions align perfectly.鈥�
Peter Sweetbaum, CEO of IT Lab, stated: 鈥淪ol-Tec is a true Azure expert, with market leading expertise in the design, deployment and configuration of secure and compliant Azure environments.
鈥淲e are incredibly excited to add Sol-Tec鈥檚 award-winning Azure expertise to our market leading Modern Workplace and Dynamic 365 practices, further solidifying IT Lab as one of the UK鈥檚 leading Microsoft focused cloud services and solutions providers.
鈥淗aving the ability to deliver the functionality that Microsoft cloud centric services can provide, particularly at this pivotal and challenging time is key for our clients.鈥�