London-based Sys-Pro has been around since 2003 as a traditional reseller however it has been moving towards managed services for a while now. It has partnerships with Cisco, HP and Microsoft. It has 39 staff.
The conditional agreement states the £3.9m price will be satisfied by £3.3m in cash and the issue of 975,000 extra shares. The new entity will be known as SysGroup.
Daily Internet’s CEO Chris Evans said the move will help his company “better exploit the ongoing market shift towards cloud-delivered services”.
The new firm does not plan to reduce its headcount and the deal is expected to give both firms a new customer list.
Daily Internet will get Sys-Pro’s datacentre hosting accreditation and compliance. Not many have Sys-Pro’s PCI-compliant hosting platforms, which gives them the capability to provide cloud services to those who would not normally consider it.
This means that both parts of the group to move up the value chain and approach larger customers.