DAY3 Feb 2013 22:59
Daisy Group has acquired The Net Crowd for an undisclosed amount, the British internet and telecommunications company announced Friday.
Net Crowd, an IT data specialist, provides services, maintenance and installations in the UK to companies including Microsoft, Cisco, Juniper Networks and HP.
The Berkshire-based company's existing management team will continue to run the business following the acquisition and will report to Daisy's wholesale division.
The transaction was funded by group's existing borrowing facilities.
Chief Executive Officer of Daisy, Matthew Riley, said Net Crowd was a fast-growing business that would enhance the company's service offering.