KBS PROVIDES THE SOLUTION FOR IBIT SALE

Coventry-based IT company IBIT Solutions has been sold to Techsol Group in a deal overseen by KBS Corporate.

IBIT is a complete IT and network solutions company, offering full support and installation services for businesses of all sizes.

Kevin Lawless founded IBIT in 2005, building a reputation for providing high-quality IT services comprising cybersecurity, hosting, broadband and connectivity support and VOIP phone systems.

Techsol Group’s origins were as Micross Apps, a software development house founded in South Wales in 1996, with a 2012 acquisition broadening its geographical reach to Cornwall.

Further expansion has subsequently taken place across the South West of England and now the acquisition of IBIT has established a base for Techsol in the Midlands, enabling the digital transformation company to offer a more diverse service offering to its customer base across the region.

Simone Lawless, Director of IBIT Solutions, said: “We are delighted to have completed this union between ourselves and Techsol Group – in whom we have found a partner who shares our determination to provide service excellence to our clients but who can also add scale and reach both in terms of resource, geography and technical practice groups.

“This partnership will allow us to expand our combined operations and offer more products and services to both existing and new clients.

“We are truly excited to have the opportunity to work alongside the Techsol Group team and be guided by them over the coming months and years.”

Luke Rae, KBS Corporate Deal Executive, who negotiated the sale, said: “It was a complex and challenging process and I’m delighted to have supported Simone to bring it to a successful conclusion.

“IBIT has truly found a great new home and will continue to offer a truly fabulous service to both existing and new clients alike.”

Gavin Morgan, Managing Director of Techsol Group, which now employs more than 40 staff in England and Wales, added: “We are very excited about this new chapter. We look forward to growing our new Coventry base and providing our customers with the best possible service and solutions.”