Borders firm SoConnect bags IT Centric

SoConnect's acquisition of Edinburgh-based IT Centric boosts group staff numbers to 38 and adds 80 small businesses to its customer base (now totalling 500) as it targets £5m revenues by March 2022.   

The company also operates a nationwide network of over 200 engineers.

The self-funded deal builds on Roxburghshire-based SoConnect's 2019 bolt-on acquisition of Netopa and according to CEO Campbell Fraser future transactions could be on the cards.

“We are in a position of financial strength with around 80% of our contracted revenue being recurring,” he stated.

"This acquisition strengthens our cloud, cybersecurity and hosted services. And we are better placed to support UK-wide SMEs' remote workforces in the wake of Covid-19." 
IT Centric was founded in 2004 by Gordon Sayers who joins the SoConnect board alongside former IT Centric Non-Executive Director David Ellis.

Share this story