Kelway acquires SAM Practice

Kelway has made its third and smallest acquisition of the year after buying up Thatcham-based outfit SAM Practise At the tail end of 2008, Kelway said this would be a busytwelve monthsin terms of acquisitions and indeed it has;itbought Panacea Services in February and forked out for data centre spec

Kelway has made its third and smallest acquisition of the year after buying up Thatcham-based outfit SAM Practise

At the tail end of 2008, Kelway said this would be a busy twelve months in terms of acquisitions and indeed it has; it bought Panacea Services in February and forked out for data centre specialist Repton in May.

The deal with SAM Practice was in response to the growing demand for software asset management, driven by corporate governance and compliance requirements as well as minimising licensing costs.

"Companies are looking harder at their assets," said Kelway chief executive Phil Doye. "We are now in a position to help our customers make significant cost savings across their IT estates."

As part of the deal, Jason Allaway, CEO at SAM Practice, will become head of software at Kelway.

"We've worked hard to define a comprehensive range of services to help businesses efficiently and cost-effectively manage software licensing, compliancy and risk," he said.

SAM Practice was incorporated in 2007. In its last set of accounts for the year to 31 August 2009, the company turned over £783,000 and made a pre-tax profit of £105,000. It had a net asset value of £93,000.

 

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