Telefónica Tech acquires Cancom UK&I in €398m deal  

Telefónica Tech's UK cloud and cybersecurity division has been significantly boosted with the €398m acquisition of Cancom UK&I. 

The deal adds €155m revenues and 600 heads with capabilities in professional and managed services in IT, cybersecurity and multi-cloud solutions.

Cancom UK&I is a certified Microsoft Gold Partner for nine competencies, including Azure Expert MSP, CSP Direct, LSP, Surface Silver Partner and FastTrack – and it has other relevant partnerships with key technology vendors.

José Cerdán, CEO of Telefónica Tech, said: “Having the Cancom UK&I team join Telefonica Tech will strengthen our cloud and cybersecurity capabilities in the UK and Ireland, with a strong focus on professional and managed services."

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