Tuesday 19 March 2024
 
»
 
»
Story

Tarek AlMahjoub

Investcorp unit acquires UK managed services firm

MANAMA, January 13, 2021

Bahrain-based Investcorp, a global leader in alternative investments, said that its portfolio company Calligo Holdings, an end-to-end managed data services provider, has acquired Network Integrity Services (NIS) in the UK.

NIS, an IT managed services and technology-led solutions provider, has locations in Manchester, Birmingham, Leicester and Hemel Hempstead.

Jersey-headquartered Calligo was established in 2012 and puts data and its privacy at the heart of a unique collection of managed data services for companies that optimize and protect data at every point of its journey through the organization.

These include privacy- and security-centric IT managed services; the world’s first public cloud platform to have been designed with privacy at its heart; sophisticated data privacy adherence services; and enterprise-level, ‘privacy by design’ machine learning services and tools.

Calligo’s acquisition of NIS represents its ninth in three years and fourth in 2020, reflecting the company’s ongoing commitment to develop its expertise within the dynamic managed data services market.

The addition of NIS is firmly part of Calligo’s ambitions to enhance its local presence throughout the UK whilst also strengthening the skills and capabilities that can be made available to its customers throughout Europe and North America, supporting the delivery of its entire portfolio of managed data services.

Investcorp Technology Partners, via Investcorp Technology Fund IV, invested in Calligo in 2016 and since then has invested more than $20million into the company to help accelerate its product innovation and international expansion plans, both organically and through strategic add-on acquisitions. The transaction further underscores  Investcorp’s established position as a market leading investor in lower mid-market technology companies with a focus on data and analytics.

Gilbert Kamieniecky, Managing Director and Head of Investcorp’s Private Equity Technology business said: “We invested in Calligo because of its strong position in the highly attractive managed services and data privacy market. This latest acquisition reinforces our view that Calligo’s compelling offering and experienced management team will continue to deliver both organic and inorganic growth opportunities. We are delighted with how the talented team at Calligo has established the company as a global leader in the privacy-focused managed services market and continue to identify complementary acquisition targets in the current environment.”

Tarek AlMahjoub, Head of UAE and Oman for Investcorp’s Private Wealth said: “Calligo continues to deliver the growth opportunities that attracted Investcorp to the business in 2016. The deep tech market expertise of our team combined with the tenacious efforts of the Calligo management team to expand the business has yielded an impressive year of acquisition-led growth. We look forward to helping the company build on the strong momentum behind the business going into the new year.” – TradeArabia News Service
 




Tags:

More IT & Telecommunications Stories

calendarCalendar of Events

Ads