GNR Technology has written a cheque for an undisclosed sum for Wembley-based QBS Software.
For those who came in late, QBS Software distributes Intel, Jetbrains and Solarwinds products and resells software from a host of vendors including Microsoft, Symantec and Oracle.
GNR managing director Dave Stevinson said: “The acquisition of QBS provides a major growth opportunity for both businesses.
“With a full range of high-profile publishers, the acquisition of QBS supports our shared plans to meet increasing demand across the business, as well as offering more services to new partners.
“Likewise, the services we bring to the relationship will enable us to deliver on our ambitions to create one of the most efficient and effective software delivery models in the channel.”
It looks like customers will not see much difference as both companies will continue to operate separately, with the QBS Software name and branding remaining in place.
QBS founders Skye Quin and Mark Spangenthal will also stay on as consultants for at least a year.
More than 90 percent of QBS’ turnover is generated by its distribution arm, with the remainder coming from the reseller business and a small software publishing unit.
In its last full accounts QBS reported revenue of £28.6 million for the year ending 31 March 2017, with an operating profit of £895,494.
£24.7 million of QBS’ revenue is generated in the UK, with £3.6 million coming from the EU and £249,099 from the rest of the world.
GNR is doing well. It has a deal to distribute Kaspersky in the UK and just got a UK exclusivity deal for Panda Security’s retail portfolio.
SolarWinds has teamed up with distribution outfit QBS Software to deliver its IT operation management solutions to partners and customers.
