Transcend Corporate Finance (“Transcend”) has advised the shareholder of Micropoint Managed Services Limited (“Micropoint”) on its sale to IP Integration Limited (“IP Integration”).
Micropoint is a leading technology systems integrator, providing technology-based business solutions, service and support. Its SmartSource Managed Service provides monitoring and proactive management of customer computer systems, helping achieve improved performance and reliability. The company operates from Reading, UK and was established in 1997.
IP Integration is a unified communications specialist, with specific expertise in contact centre, computer telephony integration and voice, data and video connectivity. Headquartered in Reading, IP Integration also has operations in London, Manchester and Edinburgh.
Following the acquisition, Peter Bunyan, Managing Director of Micropoint, commented “This transaction provides huge opportunities for Micropoint and its people, who look forward to continuing to provide the best solutions, to supporting their existing and new customers and to adding value to the group, by augmenting the IP Integration portfolio with Micropoint’s expertise and resources.”
Joe Prentis, Chief Executive of IP Integration, said “We are delighted with the acquisition of Micropoint, which provides us with complementary skills delivering the combination of Micropoint’s IT services with IP Integration’s voice portfolio, and allowing the expanded group to provide a single source for unified communications solutions, without compromise. This acquisition allows us to provide an even wider range of services to our existing customers, and an even stronger proposition to prospective clients.”
Peter Bunyan commented “Transcend has provided excellent advice in sourcing a strategic buyer, negotiating and structuring the transaction, and handling the deal through to a successful outcome. We are delighted to have had Transcend as our corporate finance advisers and would not have achieved a successful completion without them.”
Ian Aldridge, who led the transaction for Transcend, said “The sale of Micropoint is another great example of how we can support shareholders to realise value and achieve their objectives by identifying a strategic buyer which is committed to the continued development of the business.”