Catterick-based managed IT services provider razorblue has announced further expansion in Scotland with the acquisition of Stirling-based sarn Technologies Ltd for an undisclosed sum.
razorblue said its turnover has increased by 128% over the last four years and is on target to reach £20 million turnover by 2023.
Founded in 2007 by CEO Dan Kitchen, razorblue has grown from just two employees to over 120, with a 30% headcount growth in the last year alone.
Now with eight offices and teams across the UK, razorblue works with over 500 businesses providing a wide range of services including managed IT support, connectivity, cloud solutions and business software.
Kitchen said: “We’re excited to have expanded our business further into Scotland.
“Whilst our roots are in the North of England, our client base is located throughout the UK.
“It makes sense to acquire a business who are already doing what we do, but in a different location.
“I’m very confident that this addition to the group will enable us to not only continue to provide an excellent service to the existing clients of both razorblue and sarn Technologies, but many other businesses across Scotland.”
razorblue acquired Manchester-based J-Media in 2019 and has since seen continued growth in the region.
sarn Technologies MD Graeme Scott said: “This acquisition is set to be a perfect blend of technical synergies, fitting with our aspirations for the future of sarn Technologies.
“I can say with confidence that razorblue align with our values and they too lead with a customer-centric approach to business.
“There will now be a more extensive range of services available to our valued customers, as well as career progression opportunities for the technical team.”
sarn Technologies is in the process of securing a larger office in Scotland to accommodate future growth.