Redcentric has acquired assets from Sungard Availability Services, which went into administration earlier this year.
The MSP says it has exchanged conditional contracts to acquire the operations and assets relating to three Sungard datacentres [DCs], with completion being conditional on certain revenue thresholds being met within 23 days based on customers agreeing new contract terms.
In the event the thresholds are not met in relation to each of the Sungard datacentres, the acquisition of the relevant datacentre will not complete, Redcentric claims.
The initial minimum consideration payable on completion of all three Sungard DCs is £11 million, while the maximum is £22 million.
Redcentric has meanwhile announced it has completed the acquisition of Sungard’s consulting and AWS cloud services business for £4.2 million, paid in cash.
Peter Brotherton, CEO of Redcentric, said: “Following completion of the capability acquisitions of Piksel Industry Solutions Ltd and 7 Elements Ltd in September 2021 and March 2022 respectively, this acquisition is the first scale acquisition completed by Redcentric, in line with its strategy.
“The Sungard DCs principally provide colocation and cloud services which complement the Redcentric offering perfectly. In addition, the Sungard DCs come with a superb blue chip customer base and should the acquisitions complete, they provide Redcentric with an exciting opportunity to accelerate its growth.”
The deal also includes the provision of other co-location and network services from Sungard’s UK operations.
