Academia takes a third of Vital York

Education reseller Academia has taken a third of the device-as-a-service (DaaS) outfit Vital York.

The deal, which values Vital York at over £1 million, will see Academia invest in the firm to help it scale its DaaS business.

Academia boss Mike Bacon said Vital York was ahead of the market and had been doing well selling to York schools

It had 70 or 80 per cent of the primary schools and 40 per cent of secondary schools, but they haven’t got the ability to scale in the timescale they want.

The problem is that a DaaS outfit needs shedloads of cash and you don’t get the money back quickly.

Academia partnered with Vital York a year ago, in a move that helped the Enfield-based firm service partners further north.

Vital York business will continue to run as a separate entity under its current management.