M&A Deal Summary

CloudCoCo Acquires AncarB Technologies

On January 22, 2016, CloudCoCo acquired information technology company AncarB Technologies for 4M GBP

Acquisition Highlights
  • This is CloudCoCo’s 2nd transaction in the Information Technology sector.
  • This is CloudCoCo’s 0th largest (disclosed) transaction.
  • This is CloudCoCo’s 2nd transaction in the United Kingdom.

M&A Deal Summary
Date 2016-01-22
Target AncarB Technologies
Sector Information Technology
Buyer(s) CloudCoCo
Deal Type Add-on Acquisition
Deal Value 4M GBP

Target

AncarB Technologies

Liversedge, United Kingdom
website
AncarB Technologies Ltd. is a provider of IT support services to small and medium-sized enterprises (“SME”), schools and other public sector and charitable organisations. AncarB provides IT support, hosted cloud computing solutions and online management including web and domain hosting, remote backup, anti-spam and disaster recovery.

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Buyer(S) 1

Buyer

CloudCoCo

London, United Kingdom

website

Category Company
Founded 2004
Sector Information Technology
Employees57
Revenue 8M GBP (2021)
DESCRIPTION

CloudCoCo is a provider of managed IT services, IT security, connectivity, mobile, telephony, and infrastructure services. CloudCoCo is a value-added reseller and integrator that focus on providing the latest cloud and on-premise technologies. CloudCoCo was founded in 2004 and is headquartered in London, the United Kingdom.

DEAL STATS #
Overall 2 of 3
Sector (Information Technology) 2 of 3
Type (Add-on Acquisition) 2 of 3
Country (United Kingdom) 2 of 3
Year (2016) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-01-22 The Weston Group

Leeds, United Kingdom

The Weston Group is a provider of telecoms and IT support services to SMEs, councils and universities.

Buy £2M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-05-16 Pinnacle CDT

Northampton, United Kingdom

Pinnacle CDT Ltd. is a provider of data, telecommunication and IT support services to 1000 customers. Pinnacle CDT Ltd. was established in 2002 and is headquartered in Northampton, UK.

Sell -
Mergr

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