DiData swoops on Teksys

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DiData swoops on Teksys

Alex Scroxton
Hants-based Microsoft LAR Teksys has been bought by Dimension Data for an undisclosed sum barely 12 months after it was picked up by private equity money.
 
In January 2008 serial entrepreneurs Alan Watkins and Kevin Lewis bought out the firm's previous owners for what was believed a token sum.
 
All 81 of Teksys' employees are to be kept on, with Watkins to remain on board as managing director.
 
Didata solutions group executive Steve Joubert said that the IT solutions and services company went shopping to bulk up its Microsoft services business, which it started in 2006.
 
CEO Russell Bolan added the acquisition would enable Didata to ramp up provision of Microsoft-based virtualisation, data centre design, SAM and SharePoint Server 2007 services.
 
"Our skills around a number of Microsoft's unified communications technologies and systems management are also greatly bolstered," he added.

Some in the channel claimed the unit was sold for next to nothing and suggested it had been trading at very low operating profit levels, but a source close to Teksys said that the business was more profitable than many thought and added that Didata had forked out several million upfront with a future earn-out somewhere in the region of £14m to £16m.

Teksys had already been on the acquisition trail itself, building out its own capabilities last September with the purchase of virtualisation and support outfit Technology Made Simple, which was in administration at the time.

Speaking to MicroScope, managing director Alan Watkins said that Didata fully expected Teksys, which will be run as a wholly-owned subsidiary, to continue to make acquisitions in the channel and had bought the firm with this in mind.

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