West Lothian IT company acquires local rival for ‘undisclosed sum’
Workflo Solutions, the fast-growing managed serviced provider has announced that it has signed an agreement to acquire fellow West Lothian IT Support company Pyramid IT for an ‘undisclosed sum’.
Pyramid IT offers computer, server and associated technology support to businesses across the Lothians.
The acquisition deal allows Workflo to enhance and extend its range of managed service technologies for clients across the UK. Its core services include digital workflow, electronic document management and managed print services.
Pyramid IT will be absorbed into the current Workflo structure and with an eye on further acquisitions in the future, Managing Director, Michael Field says Workflo Solutions is finely placed to become Scotland’s premier managed service provider.
“We are delighted to announce that Pyramid IT is joining our business as we embark on a new phase of our journey. This acquisition will enable us to broaden our reach and suite of capabilities as a leading outsourced managed service provider. Whilst we remain focused on meeting the needs of our customers, our strategy is to continue to seek other attractive acquisition opportunities as demand to extend our services increases.”
Pyramid IT founder, Steven Burrows comments: “This is an exciting time for Pyramid IT clients. The acquisition by Workflo Solutions offers our clients access to a broader portfolio of products and services which will help improve efficiencies and drive savings. The ‘fit’ between the two companies is strong and is enhanced further by Michael’s determination to make Workflo one of the most progressive IT companies in Scotland.
“Pyramid IT plans to continue working from its Livingston base and, following a transitional period, Steven will move into Penetration Testing services to protect SME businesses from Cyber Attacks.”
Workflo Solutions is the current holder of The Business Growth and Innovation Award won last year at the 2018 Business Excellence Awards, hosted by West Lothian Chamber of Commerce. The category recognises outstanding growth and the development of new and innovative solutions.
The company currently employs 20 staff at its Livingston HQ and is on target to reach £3million turnover for the current financial year.