Innovise acquires RapidHost      

IT powerhouse Innovise has acquired Buckinghamshire-based rival RapidHost for up to £800,000.

Formed ten years ago, RapidHost delivers a range of internet services to companies throughout the UK. The company generates a turnover of £900,000.

The deal comes after a string of acquisitions by West Midlands-based Innovise, including Harbrook Consultants earlier this month and Infrasolve in January. Mike Taylor, CEO of Innovise, said: ‘This is an exciting acquisition for Innovise because it enables us to integrate RapidHost’s system hosting capability within our existing software solutions division on attractive terms.’

In the six months to March 2009, Innovise reported a turnover of £5.1 million and pre-tax profits of £670,000.

Nick Britton

Nick Britton

Nick was the Managing Editor for 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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