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05
Oct 2021
Harrogate IT firm buys York company for £9.5m
Redcentric is based at Central House on Otley Road and said the acquisition will help it develop its cloud and security services.
Harrogate-based IT services provider Redcentric has bought York IT company Piksel IS for £9.5m.
Redcentric's headquarters are at Central House on Otley Road and said the acquisition will help it develop its cloud and security services.
Piksel IS employs 93 staff in York and London.
In July, Redcentric reported revenue of £91.4m for the year ending 31 March 2021, up from £87.5m in 2019/20.
Peter Brotherton, chief executive at Redcentric, said:
"This is an extremely exciting strategic acquisition for Redcentric and combines the secure, asset light, digital transformation capabilities of Piksel IS with the managed infrastructure, unified communications and connectivity solutions of Redcentric.
"We are delighted that the combined portfolio will accelerate the Redcentric group's ability to deliver industry leading, transformative solutions to our customers and expands our capabilities in hyperscale public cloud and security."
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Paul Mardling, managing director at Piksel IS, added:
"We are looking forward to being part of Redcentric. The combined expertise of Redcentric and Piksel IS will bring benefits to both our customers and people. We are now part of a successful larger group and that will help us capitalise on the growing and substantial market for advanced cloud services, networks and cyber security."
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