KBS Corporate Oversees Acquisition of Anglia IT Solutions Limited
Anglia IT Solutions Limited, a B2B managed IT services company, has been acquired by Remote Software Solutions Limited.
Providing hardware and software support to clients across a variety of UK sectors, Anglia IT has developed an excellent reputation in its field. In 2016, the company was recognised for its industry leading services, and was awarded the title of an Archant and Norwich Enterprise (NWES) “Future 50” company. From here, the company relocated into new, state of the art premises in King’s Lynn, provided specifically for “Future 50” companies.
From the initial meeting with the shareholders of Anglia IT, KBS Corporate acknowledged that the company displayed significant growth potential, and set out to find a buyer that would be able to facilitate this, and work with the current team to help increase Anglia IT’s revenue and push the company to new heights.
Remote Software Solutions (RSS), the acquirer of Anglia IT, is a dynamic consulting, infrastructure and software support business, delivering quality products and services to clients globally from its head office in London, and offices in Goa and Mumbai, India.
RSS acquired Anglia IT as part of a strategic ‘buy and build’ process, in which the company hopes to make a number of other acquisitions within the managed IT and software support sector as a way of increasing market share.
The structure of the deal ensured that the shareholders of Anglia IT could exit the business financially whilst remaining within the business for a short period of time on a consultancy basis.
Fabio Rambelli provided advice to our clients at Anglia IT and commented, “Anglia IT will be in good hands under the new leadership of Remote Software Solutions, and I am confident that the company will maintain its good standing in the sector and that Anglia’s client base and staff will be well looked after post-completion. I wish all parties the best of luck with their future endeavours.”