Xperience has snapped up MSP Riverlite in a bid to improve its East of England experience.
For those not in the know, Riverlite offers cloud, cybersecurity and managed services to education, charities, hospice and private sector customers. It is run by managing director Paul Oggelsbt and chairman Mark Shields.
Xperience claims the deal creates “one of the biggest managed IT service providers in the East of England”, adding to its existing operations in Peterborough and Bury St Edmunds.
It is Xperience’s second acquisition within six months, having previously acquired Bury St Edmunds-based MSP Green Duck in October 2021.
The company’s headcount will grow from 42 percent to 150 staff, and increase its turnover to roughly £21.5 million and claims to support more than 1,150 clients across the UK and Ireland.
Iain O’Kane, CEO, Xperience, said: “Growth across the UK remains a strategic priority, and Riverlite is a natural fit as we share a similar culture and values. Importantly, it achieves a leading presence in the East of England and strengthens our existing team nationally.
“It also provides another cybersecurity and data platform, which given the events of last year and continued global threats, is a genuine benefit for our clients. For this and many more reasons we welcome bringing Riverlite into the Xperience family.”
Paul Oggelsby, CEO, Riverlite, said: “Scale is increasingly important in the IT space. This is not just because of the pace of technical change, but also due to changing working practices such as hybrid working. Clients are also having to find solutions to global threats such as cybersecurity. Over time, Riverlite will trade under the Xperience brand and as part of Xperience, our clients will continue to benefit from the services of Riverlite, and also have access to a broader range of resources and support locally and across the UK.”
