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SysGroup Acquires UK Managed IT Service Provider Independent Network Solutions.

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Vincent

MANews-(C)2009-2022

UK-based managed IT services, cyber security and cloud hosting provider SysGroup plc (AIM: SYS) has acquired 100% of the issued share capital of Independent Network Solutions Ltd, which trades as Orchard Computers, a Bristol based managed IT service provider, the company said.

Bristol based Orchard has been in operation for over 30 years and has built a loyal customer base totalling over 120 active clients in 2021, largely in the South West of England.

The average length of relationship amongst their 20 largest clients is 12 years, with no single customer representing more than 7% of total revenues.

Orchard represents customers across a range of sectors, covering both the private and public sectors.

Its managed IT service offering mirrors that of SysGroup, providing high quality consulting services and building tailor made, vendor agnostic solutions, designed specifically to meet individual customer needs, followed by ongoing support.

The group believes that Orchard will further strengthen SysGroup's presence in the South West of England with the addition of more than 20 team members joining the wider SysGroup team.

In the year ended 31 December 2021, Orchard generated revenues of GBP 2.1m, EBITDA of GBP 0.3m and profits...

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