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M&A Deal Summary

On Direct Business Services Acquires Redblade

On August 10, 2016, On Direct Business Services acquired information technology company Redblade

Acquisition Highlights
  • This is On Direct Business Services’ 3rd transaction in the Information Technology sector.
  • This is On Direct Business Services’ 4th transaction in the United Kingdom.

M&A Deal Summary
Date 2016-08-10
Target Redblade
Sector Information Technology
Buyer(s) On Direct Business Services
Deal Type Add-on Acquisition

Target

Redblade

London, United Kingdom
Redblade Ltd. is an IT technical services company specialising in high level managed services. The 3 main services running at the core of Redblade include advanced support solutions, hosted services and project management.

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Buyer(S) 1

Buyer

On Direct Business Services

Bath, United Kingdom
Category Company
Founded 2002
Sector Internet Software and Services
DESCRIPTION

On Direct Business Services Ltd. (dba Cloud Direct) provides cloud IT services.

DEAL STATS #
Overall 4 of 4
Sector: Information Technology M&A 3 of 3
Type: Add-on Acquisition M&A Deals 4 of 4
Country: United Kingdom M&A 4 of 4
Year: 2016 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-12-22 ihotdesk

London, United Kingdom

ihotdesk Ltd. is a provider of proactive outsourced ICT services and IT support for small and medium sized businesses.

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