Add-on Acquisition • Information Technology

Tialis Essential Acquires 365 ITMS

On April 6, 2017, Tialis Essential acquired information technology company 365 ITMS from LMS Capital for 5M GBP

Acquisition Context
  • This is Tialis Essential’s 5th transaction in the Information Technology sector.
  • This is Tialis Essential’s 3rd largest (disclosed) transaction.
  • This is Tialis Essential’s 5th transaction in the United Kingdom.

Explore All 9664 Add-on Acquisition Information Technology Deals - Search the Database Free


M&A Deal Summary

Date April 6, 2017
Target 365 ITMS
Sector Information Technology
Buyer(s) Tialis Essential
Sellers(s) LMS Capital
Deal Type Add-on Acquisition
Deal Value 5M GBP

Target Company

365 ITMS

Reading, United Kingdom
365IT is an IT support and services provider, offering a range of complementary data centre, network, security and cloud services with a particular strength in voice and unified communications and expertise in both Cisco and Microsoft solutions.
Explore More Deals

Browse All 215,130 Deals

FILTER BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Search Free

Buyer Overview 1

Buyer

Tialis Essential

Edinburgh, United Kingdom

Category Company
Founded 2005
Sector Information Technology
Employees283
Revenue 21M GBP (2024)
DESCRIPTION

Tialis Essential is an IT managed services provider, focused on the UK mid-market. CORETX maintains, supports, and develops customer infrastructure through UK-based service desk, field services team, and asset lifecycle capabilities. Company designs and delivers bespoke cloud services, connecting customers to our cloud platform and to global public cloud providers. Company delivers supporting technologies, from unified comms and voice, through to disaster recovery and managed security. Tialis Essential was founded in 2005 and is based in Edinburgh, Scotland.


Deal Context for Buyer #
Overall 5 of 5
Sector: Information Technology 5 of 5
Type: Add-on Acquisition 5 of 5
Country: United Kingdom 5 of 5
Year: 2017 2 of 2
Size (of disclosed) 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-04-06 Koris365

Hemel Hempstead, United Kingdom

Koris365 is an IT managed services provider that helps organisations make the most of their IT infrastructure and services. The Company offers support, project delivery, cloud, cyber security, network & connectivity, and unified communications solutions. Koris365 is based in Hemel Hempstead, United Kingdom.

Buy -

Seller Profile 1

SELLER
DESCRIPTION

LMS Capital plc is a publicly-traded private equity investment company managed by Gresham House Asset Management (GHAM). The Firm focuses on direct investments in lower middle-market UK-based companies valued less than £50 million. Areas of interest include financial services, information technology, and consumer services. LMS Capital plc is based in London.


Deal Context for Seller #
Overall 4 of 7
Sector: Information Technology 3 of 4
Type: Add-on Acquisition 3 of 6
Country: United Kingdom 4 of 4
Year: 2017 2 of 2
Size (of disclosed) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-04-06 Koris365

Hemel Hempstead, United Kingdom

Koris365 is an IT managed services provider that helps organisations make the most of their IT infrastructure and services. The Company offers support, project delivery, cloud, cyber security, network & connectivity, and unified communications solutions. Koris365 is based in Hemel Hempstead, United Kingdom.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-06-11 Penguin Computing

Fremont, California, United States

Penguin Computing, Inc. is a provider of specialty compute and storage solutions targeting applications in Artificial Intelligence (AI), Machine Learning (ML) and High-Performance Computing (HPC) using state-of-the-art, open technologies and advanced industry architectures.

Sell $85M