IT service specialist Acora has merged with London-based counterpart Plan-Net.
West Sussex-based Acora reported revenue of £15.9 million for its year ending 31 October 2018, while turnover for Plan-Net was £10.6 million for the year ending 31 December 2018 so the merger is going to create a significant Microsoft, Citrix and VMware player with more than 300 staff. It will deliver services from four service operations centres across the UK, providing all-hour support to over 250 clients.
Acora stated that 70 percent of the combined group’s revenue comes from long-term recurring contracts
Acora’s CEO David Rabson said: “Plan-Net has impressed us enormously in terms of its business model, the service levels it achieves with its loyal customer base and the way it aligns with our core offerings. The quality of the team was also key in our decision to bring the two companies together – great customers and great people, a winning formula. We see this as a merger with equal value for all stakeholders. It is transformational for the combined teams and the customers of Plan-Net and Acora alike.”
Plan-Net technical services director Adrian Polley, at will join the Acora board as MD of the Plan-Net business. Operations director Jerry Cave will remain as an adviser.
Polley said the merger was an exciting opportunity for everyone.
“The combined proposition is incredibly strong, and we can see the merged group being dominant in the mid-market as we scale further and benefit from the growth opportunities.”
