Avisen buys Xploite

Business performance specialist Avisen has agreed to acquire Xploite, an IT services group, for up to £11.4 million.


Business performance specialist Avisen has agreed to acquire Xploite, an IT services group, for up to £11.4 million.

Business performance specialist Avisen has agreed to acquire Xploite, an IT services group, for up to £11.4 million.

West Sussex-based Xploite specialises in consolidating IT companies. After disposing of software company Anix for £31.5 million last year, Xploite’s main operating business is Storage Fusion, a data services business.

Ian Smith, CEO of Xploite, says the deal provides a platform to execute a buy-and-build strategy and the group is already looking at a number of acquisition opportunities.

The deal represents Avisen’s sixth acquisition since its reverse takeover of Z Group in February 2009. The company reported revenue of £2 million and pre-tax profits of £178,000 in the six months ending June last year.

Nick Britton

Nick Britton

Nick was the Managing Editor for growthbusiness.co.uk when it was owned by Vitesse Media, before moving on to become Head of Investment Group and Editor at What Investment and thence to Head of Intermediary...

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