A Horsham-based technology company has announced the sale of part of its business to an international firm.
Damovo, which provides ICT services and solutions around the globe, announced last month the UK operations of the business, including its office based in the town, had been sold to competitor and international communications company Daisy Group.
The deal will see Daisy Group inherit around 270 extra customers as well as Damovo’s Horsham and London offices which house more than 200 employees.
Damovo UK has become a market leader in ICT services and solutions and currently delivers this service to more than 250 organisations.
Managing director, Simon Payne said: “I see this change in ownership as an exciting landmark in our own evolution and it brings with it new opportunities for our people and our customers.
“With a focus on developing their enterprise business through managed services, the acquisition of Damovo means we are a good fit strategically.
“Under Daisy’s ownership we will further evolve our business and growth in the market.”
The company stated business will continue as normal for customers and added relationships with partners, such as Cisco Systems, Mitel and Microsoft, will not be affected by the deal.
The purchase is the first completed by Daisy Group since its privatisation.
The company said they plan to continue the day-to-day running of the business in the same location and no one in the management team will be affected by the take over.
They added there were also no plans to make changes to other areas of the workforce.
Executive chairman Matthew Riley said: “This is the first acquisition we have undertaken since Daisy’s privatisation and enhances our capability in the enterprise space.
“With strong vendor relationships and an expert team in place, the business is well positioned for growth under our ownership.
“The converging world of traditional telecoms and IT continues to present exciting opportunities and with a rapidly expanding cloud and managed services division the acquisition of this highly scalable UK business is a clear strategic fit for the Group.”