Services outfit Roc Technologies has written a cheque for managed services provider Esteem Systems.
The newly combined firm is expected to hit sales of £80 million in 2019, Roc said.
Last year Roc bought City Change Management and secured a £10 million investment from the British Growth Fund.
Roc CEO Matt Franklin said Esteem’s managed services capabilities as a key factor behind the deal. When added to Roc, it creates a “strong annuity-driven business”, whatever that means.
Roc said that managed services will now make up 30 percent of the business and the combined firm will have a headcount of 350 employees and offices in Newbury, London, Wetherby and Glasgow.
Roc CEO Matt Franklin said: “I am delighted to be able to welcome Esteem Systems and our new colleagues into the Roc family. Our strategy at Roc is simple; to become the most valuable partner in our customers’ digital transformation strategy, and through that value-driven customer relationship, drive Roc’s growth and reputation in the market.
“The coming together of Roc and Esteem Systems is 100 per cent complementary in the portfolio, customers, industry focus, and geography, and I am thrilled that together we can extend new value to our joint customers and accelerate our next phase of growth through a truly differentiated customer offer.”
