VAR
Telinet
has acquired managed outsourcing specialist
Pasporte
in a multi-million pound deal after securing an injection of private equity
funding.
The £11m acquisition, funded by the Growth & Acquisition Finance division
of investment bank
Investec,
will strengthen Telinet's strategy of providing integrated communications and
technology managed services to medium sized firms in the UK.
Pasporte is also one of
IBM's
top UK resellers and has won Big Blue's Beacon Award three times in the past
four years - this year, 2007 and 2005.
Paul Cosgrave, chief executive of Telinet, said: "The Pasporte proposition
and its very strong management team significantly strengthen our service
offerings in managed telecommunications and information technology solutions for
our customers."
Ed Cottrell, a representative from Investec, said: "The continued backing by
Investec reiterates our commitment of ongoing support for Telinet's strong
management team and their selective and focused buy and build strategy. We
remain excited about Telinet's prospects in the converging IT sector."
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