VirtuousIT Ltd Sold in Deal Advised by KBS Corporate
KBS Corporate has advised on the sale of IT services and solutions specialists, VirtiousIT Ltd, to Cloudstream Technology Ltd.
Based in Bathgate, West Lothian, VirtuousIT offers a range of IT solutions such as Auditing, Cloud Computing, Health Checks, Data Protection and Telecommunications services. The business is a Microsoft Certified partner offering unmatched support services through fixed price unlimited on-site support for all hardware, software and network problems.
KBS Corporate attracted over a dozen interested parties before an acceptable offer was agreed with Cloudstream Technology Ltd, a Fife-based IT consultant offering a range of technology and Connectivity solutions throughout the UK.
The acquisition forms part of Cloudstream’s current buy and build strategy, with the intention to acquire several businesses to form a market leading IT services group.
The deal was led by Sonia Cottrell of KBS Corporate who acted on behalf of the seller.