Brookcourt bought by Shearwater

banner_220x220Security outfit Brookcourt Solutions is set to be acquired by Shearwater Group for £30.3 million.

The Skyhigh Networks and Juniper partner was founded in 2005 and boasts revenues of £22.8 million.

Phil Higgins, CEO at Brookcourt, said: “We had a number of options to develop and grow our business, but were very much drawn to joining Shearwater owing to our shared vision and the real opportunity to be part of a rapidly growing PLC.

“This unity provides us with the resources, additional industry expertise and support to scale the business and deliver a broader solution to our existing and prospective customers.

“We are delighted to be joining Shearwater at such a pivotal time in Brookcourt’s development and we very much look forward to realising our ambitions for the business as part of the wider group.”

Shearwater chairman David Williams said: “This transformational acquisition provides us with a substantial platform from which we can grow organically and by further acquisition.

“One of the key elements of our buy-and-build strategy is that the management teams stay with the business and become active parts of the enlarged group.”