Pan-EMEA distribution firm Nuvias Group has acquired UK-based UC distributor Siphon Networks in a deal that promises to extend Siphon's influence in the UK and across the continent. Post-acquisition it's business as usual for Siphon which will continue to be led by Steve Harris (pictured) who remains MD.
"We will protect what has already been built by Siphon," confirmed Nuvias Group CEO Paul Eccleston. "We will enhance it through the other capabilities in the Nuvias Group, and we will expand it across EMEA.
"Siphon's service and solutions capabilities for the channel are aligned with the Nuvias Group's philosophy and strategy. Siphon is also complementary to the cyber security, advanced networking and UC capabilities of Wick Hill and Zycko, the existing businesses in the Group."
Harris added: "This enables us to accelerate our growth plans and expand geographically in the UK and EMEA as part of a much larger organisation which shares our core beliefs and dedication to high service levels, and has the resources to help us realise our goals."
Siphon began its commercial life in 2009 when Harris co-founded the company with a £50k investment in the midst of a global financial crisis.
In May last year Siphon received a £1.5m investment from Finance Wales to boost its presence in the UK and Europe.
It currently generates approximately £20m turnover, has offices in the UK and Benelux, circa 50 staff, and works with vendors including Polycom, Oracle and Broadsoft.
In autumn 2015 Siphon was ranked 23rd fastest growing technology company in the UK and one of the fastest growing technology companies in EMEA by Deloitte.