VMware’s 2019 Cloud Partner of the Year Secura has been snapped up by Node4 for an undisclosed sum.
The deal is Node4's fifth and largest acquisition and boosts its managed cloud hosting proposition while strengthening its presence in the ISV market and SaaS vertical. Node4 will also leverage Secura’s growing Azure public cloud services.
The acquisition brings 35 employees and over 110 customers and extends Node4's reach into northern territories.
Secura has witnessed organic growth rates of over 40% year-on-year and is forecast to hit close to £5m revenues for the year ending June 2019.
The deal pushes Node4’s annualised run-rate revenues to almost £55m with £20m coming from cloud services.
Secura recently increased its presence in Manchester with the opening of a new office, a key geographic region where Node4 has been looking to expand its footprint.
The Secura management team will remain with the business.
Node4 CEO Andrew Gilbert said: “We’ve worked hard to find a business that is aligned with us strategically and culturally – Secura ticks all the right boxes as we look to continue to grow Node4.”