The Corporate Finance and Transactional team at CLB Coopers has provided financial due diligence to Lloyds Bank and leading unified communications provider, Elitetele.com, in its strategic acquistion of Cloud specialists NetCentrix Limited and SystemHOST Limited.
Elite founder and CEO, matt Newing, said, “This deal cements our position at the forefront of unified communications and broadens our capabilities in cloud-based technologies.
Carnforth-based NetCentrix and SystemHOST specialise in architecting bespoke cloud platforms for a mixture of public and private sector clients. This is a key move for Elite as it continues to grow its Managed IT and Cloud division by acquiring an established group offering a complimentary, innovative product set.
NetCentrix is Elite’s eleventh acquisition since 2008 and, with further deals in the pipeline, marks a return to M&A for Newing and his management team.
David Clift, Tom Hornbuckle and Laura Ross provided financial due diligence to Elite and Lloyds Bank.View all news