FluidOne on track for Enterprise growth with Marathon investment

FluidOne has broadened its connected cloud offering for enterprise with a strategic investment into Marathon Information Technology Services (Marathon).

Marathon is a £11m revenue Microsoft Gold Partner for cloud services management, specialising in cloud transformation, modern workplace, security and contact centre.

The investment creates a £68m revenue group with 310 staff serving more than 1,350 customers and resellers.

Iain Maclean will continue to lead Marathon as CEO, with Tim Thrower as a non-executive director. FluidOne’s CEO, Russell Horton (pictured), is to become Chairman of Marathon, with the FluidOne Directors Brendan Lynch, Chris Rogers and Roy Hastings also joining the Marathon Board.

The investment was supported by FluidOne backers Livingbridge and HSBC, with HSBC increasing its support to FluidOne through a refreshed facility that provides capacity for further acquisitions over the next three years.

Horton said: “Marathon’s strength lies in the design and transformation of enterprise clients’ IT estates into the cloud and the provision of a quality managed service from 1st line through to 3rd line.

“Investing in Marathon, backing Iain and his team, allows us to complete the IT element of our Connected Cloud solutions portfolio, alongside our market-leading connectivity, mobile, UCaaS and cyber security.”

Maclean added: “We saw a great opportunity in FluidOne’s investment to support our ambitious growth plans allowing us to expand our service offering to our current client base whilst also reaching new customers.”

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