Aspire has acquired CloudCoCo, a managed service provider headquartered in Leeds.
The Gateshead-headquartered provider of managed IT, cybersecurity and modern workplace solutions said the deal marks a strategic advancement in its plan to expand its UK presence.
Building on the acquisition of Cloud Cover IT in January 2024 – which expanded its footprint in Scotland and strengthened its service capabilities – CloudCoCo’s established relationships, skilled team and expertise in managed IT, cloud, and unified communications will enable the Aspire Group to provide more tailored, responsive services that address the evolving needs of businesses across sectors.
The acquisition will bring over £10 million in additional revenue and approximately 300 new customers to Aspire.
“While CloudCoCo has undergone a period of structural transition, what truly stood out to us was its strong relationships with its high-quality customer base and the expertise within its team,” said Chris Fraser, Aspire CEO and founder.
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“These strengths align perfectly with our commitment to delivering technology like no other. This acquisition not only broadens our reach but also enhances our ability to offer responsive, innovative solutions that meet the evolving needs of our clients.
“The CloudCoCo team will be an important part of Aspire’s next chapter, and together, we’re ready to make an even greater impact across key UK regions.”
Darren Weston, group operations director at CloudCoCo, added: “Joining Aspire represents an exciting new phase for CloudCoCo. We look forward to working closely with Chris and the team to expand our reach, deliver added value, and provide a wider range of innovative solutions.
“Aspire’s commitment to excellence aligns well with our own, it’s a powerful collaboration with a trusted UK technology provider that shares our values and goals.”
Aspire, backed by private equity investor LDC, recently invested £1.7 million in its technology stack. It also has offices in Glasgow, London and Stockton.