Liverpool-headquartered SysGroup has expanded its presence in the UK with the acquisition of Truststream Security Solutions in Edinburgh for £4.8m.
SysGroup, an IT managed services and cloud hosting provider, has paid for the deal from its existing cash balance and a new revolving credit facility of £8m from Santander.
Established in 2011, fast growing Truststream is a provider of professional and managed cyber security services with a turnover of £3.2m for its latest financial year.
The 10-strong existing Truststream team will enable the group to further strengthen its UK presence and will introduce a reach in to Scotland.
This news follows SysGroup’s appointment of Manchester-based independent financial services group, Zeus, as its new Nominated Advisor and Broker, supporting the business on its M&A strategy. read more here