Business Cloud News

GrowthSystems integrator Maintel announced it has entered into a conditional agreement to acquire Azzurri Communications.

The acquisition of Azzurri Communications, which offers communication services including telephony, mobile services, document management, is part of a larger push for Maintel market position. The company highlighted that the deal is a strong component in its strategy to grow and diversify its revenue base.

“Azzurri Communications is a highly respected business with a complementary product offering and target market, which will provide enhanced scale and visibility for the combined group,” said Eddie Buxton, CEO at Maintel. “This acquisition will accelerate Maintel’s shift into hosted cloud and data, ensuring we are well positioned to take advantage of these high growth areas of the unified communications market. It will also build scale in managed services, continuing the shift in our business mix, which we have been driving following previous acquisitions.”

The acquisition will broaden Maintel’s offering to include a network services division, a mobile division, managed services, and technology and professional services. “With the acquisition of Azzurri, Maintel will also gain a new set of highly skilled and professional team members. We are looking forward to welcoming Azzurri employees to the group,” said Buxton.

Alongside the announcement, Maintel’s also reported a 21% increase in revenues for 2015, up to £50.6m. As part of the company’s growth strategy, it also acquired Datapoint and Proximity Communications in recent months.

“We are really pleased at the prospect of joining Maintel because this enables the combined business to offer its customers a broader range of services,” Chris Jagusz, CEO of Azzurri Communications. “Our employees will benefit too by being part of one of the most significant players in our market.”