Member Article

Stockton’s Onyx Group acquires ICT solutions firm

Stockton-on-tees IT infrastructure and support services provider Onyx Group today announced the acquisition of Washington IT solutions firm Knowledge IT

Since 2000, Onyx has completed five major acquisitions and will exceed a turnover of £20 million in 2014, a 13% increase on the previous year.

However, at £10 million turnover, the purchase of Knowledge IT is the biggest acquisition so far, boosting Onyx’s run rate revenue to over £30 million and increasing headcount to 170.

Onyx owns five data centres and six workplace recovery facilities across the UK and has a growing base of more than 200 core customers.

The acquisition will add to the facilities at Onyx and increase the breadth of its customer base.

Neil Stephenson, CEO of Onyx Group said “Increasingly over the past two years, customers have been asking us to manage their entire IT infrastructure, as well as providing resilient solutions to complex cloud and hosting requirements. The Knowledge IT team has a great reputation for delivering these services and this deal will make the Onyx proposition and reach, stronger for both sets of customers.”

George Sanger, managing director of Knowledge IT added: “Onyx Group, like Knowledge IT, has a reputation for providing outstanding customer support. We welcome the opportunity to share our expertise to help Onyx build on their achievements and grow the enlarged business.”

This was posted in Bdaily's Members' News section by Ellen Forster .