Tag: Fulcrum

Prodec Networks becomes TIEVA

Reseller Prodec Networks has rebranded to TIEVA after merging with several resellers

Tech investors Fulcrum Pegasus carried out the merges with Reading-based VAR Prodec Networks in July 2022 and Northern reseller Optm UK in 2021.

CEO Mark Lee said the firm and investors Fulcrum are also eyeing further acquisitions “to continue to strengthen the company in 2023 and beyond”.

Lee hinted that TIEVA’s acquisition profile could be built up outside of the UK into Europe.

Fulcrum snaps up Pure

Fulcrum Technology Group has bought Pure which it says will operate with its existing management team and give it the muscle to go after more business in the UK.

Pure Technology Group CEO Stephen O’Brien said Fulcrum’s pitch to buy the company was different and it had a bigger strategy in play, which will propel Pure into the top echelon of UK IT service providers.

“We also share many values, which will only enhance what is truly special about our business – our people, our culture and our service. For all of us, and our customers and partners too, this is a tremendous opportunity.”