Internet of Things (IoT) solutions provider Boston Networks has written a cheque for Newcastle-based 2020 Vision Systems.
The Glasgow-based VAR has undertaken a strategy to establish itself as the UK in “network-enabled smart integrated technologies to improve the performance safety and security of buildings, campuses, and cities.”
2020 Vision specialises in IP-enabled security technology and video surveillance and has a strong presence across the North-East, including an office in Birmingham.
The deal brings the headcount of the Boston Group to 170 after it previously acquired London-based audiovisual solutions provider PEL Services in April.
Scott McEwan, Boston Networks CEO, said: “We look forward to using 2020’s many years of experience of working in key areas of critical physical security, which will help us to drive towards the next phase of our growth as we continue to focus on applying technology to improve the performance, safety, and security of people, buildings and assets. In particular, this acquisition further deepens our services in the further education sector, enhances our existing security offering through the cloud platform and significantly spreads our geographic coverage.”
Greig Brown chairman of Boston Networks said that the latest acquisition is a strong fit for the VAR.
“In addition to the complementary solutions offering and strong management team, it is a significant step forward in our plan to create a national provider of integrated life safety, security and networking services, in key sectors, specifically targeting mid-market UK-based Blue-Chip companies.”
Beta Distribution has crased owing £36 million according to a recently filed administrator’s report.
