Basingstoke: 365 iT plc acquires Fox IT

365 iT plc has announced the acquisition of Fox IT, the global independent service management & governance specialist which is a premier provider of consultancy and education solutions in the field of IT Service Management (ITSM). Terms were not disclosed.

With over 120 employees, 365 iT plc designs and delivers information and communications technology (ICT) services that help organisations enhance their IT effectiveness and ROI, enabling them to better meet their business objectives.

Headquartered in Basingstoke, the company works closely with its clients from SME businesses through to corporate and public sector organisations.

Commenting on the acquisition, Peter MacLean, 365 iT plc's chairman and chief executive, said: "This is a very positive development for the 365 iT group and I welcome Paul Speers and his team. I look forward to working closely with them and in particular to helping them grow their business model substantially in the coming years."

MacLean continued: “This latest acquisition represents yet another significant step forward consolidating the group's position in the very competitive and rapidly developing IT services market.”

Paul Speers, Fox IT’s managing director, said: "The future is undoubtedly very exciting and I believe that Fox IT’s capabilities in ITSM and ITIL strongly complement those of 365 iT plc. The combined forces of both companies will establish a new benchmark in the IT Services Sector."

This fifth acquisition in just four years demonstrates the strength of 365 iT and the group's ability to exhibit continued substantial growth at a time when many businesses are doing quite the opposite. In September, 365 iT plc was ranked the 15th fastest growing technology company in the UK, according to the prestigious Tech Track league table.