Exponential-e acquires £19m-revenue Microsoft partner
Connectivity provider Exponential-e has acquired Microsoft partner Vysiion to bolster its IT consultancy and security capabilities.
Chippenham-based Vysiion is a public sector specialist, with a focus on utilities, defence, government and emergency services.
Exponential-e CEO Lee Wade said: "This is an exciting opportunity for Exponential-e. Vysiion is a high-quality company that has been built by the dedication and commitment of its staff over many years.
"Having worked together on previous projects, we knew there was a very close measure-of-fit between our respective companies. The complementary nature of our products, services, skills, experience, relationships, clients and capabilities is huge.
"Our culture, values and ethos are an exact match. And the dedication of our respective staff members in delivering true customer service excellence to our clients is a mirror image."
Vysiion, which will continue to trade under its own name, counts Microsoft, Cisco and Dell among its vendor partners, as well as security vendors including Eset and SonicWall.
The firm reported sales of £19m for the 12-month period ending 30 June 2019, up 48.4 per cent on the previous year.
Operating profit swung from a £454,545 loss to £578,786.
Bruce Brain, chairman of Vysiion, said: "With the acquisition of Vysiion by Exponential-e, Vysiion can continue to build on its original strategy of utilising its strong reputation within the utilities market of delivering and supporting critical national infrastructure to support the creation of a significant IT services provider that successfully serves the large and rapidly growing public and private sector.
"Exponential-e provides Vysiion with access to a wider depth of services and will allow us to pursue larger opportunities. Exponential-e is a fantastic cultural fit and, going into the next phase for Vysiion, will be a great home for our staff and customers."
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