Campbell Fraser, chief executive of SoConnect
By Kristy Dorsey
Borders-based SoConnect, a provider of telecom, internet and IT managed services to the SME market, is looking for further growth opportunities after completing its second acquisition in little more than a year.
The St Boswells firm has taken over the operations of Edinburgh’s IT Centric in a deal that adds approximately 80 SMEs to its customer base, taking the total to more than 500 clients across the UK. The combined group has a headcount of 38 staff, with revenues expected to top £5 million in the year to March 2022.
Gordon Sayers, founder and managing director of IT Centric, and non-executive director David Ellis will join the board of SoConnect as part of the deal. Mr Sayers set up IT Centric in 2004, while Mr Ellis is a former partner at accountancy group PwC.