IT specialist Circle Group has expanded with the acquisition of Fabric IT in a move which takes the business’ turnover to £25m.
The acquisition comes as part of the Circle Group’s strategy to expand its Microsoft portfolio, with Fabric’s Microsoft Dynamics expertise adding capabilities to the group’s overall services.
As part of the deal, Fabric IT will become part of the Circle Group, which now boasts over 100 employees.
Fabric IT provides a range of Microsoft-centric cloud managed services to SMEs across the UK, with competencies in CRM, ERP, Power Platform and Modern Workplace, as well as business IT, cyber-security and infrastructure (Azure) support services.
As a Microsoft Gold Partner with expertise in Microsoft Dynamics, Fabric IT complements Circle’s tier 1 CSP partner status, enabling the Circle Group to offer the full Microsoft Cloud Suite.
Headquartered in Cardiff and with a national customer base, Circle has a strong managed service offering that covers key areas including Microsoft Cloud services, cyber-security, critical infrastructure support, back-up/disaster recovery and networking.
While Fabric IT will become part of the Circle Group, it will operate autonomously.
Geoff Barratt, finance and procurement director at Fabric IT, said: “I am excited about the now combined futures of both Fabric IT and Circle. We have strongly aligned cultures and synergy in our product lines and, together, we will grow, bringing our excellent customer service to a wider client base.”
David Jones, chief executive of Circle, added: “We are thrilled to have Fabric IT as part of the Circle Group. Their expertise really adds to our Microsoft service offering and puts the Group forward as one of the few organisations in the UK with the skillset that we have.
“The acquisition has proven to be a positive move for both Circle and Fabric IT and will undoubtedly be a successful partnership.”
Circle was advised by Harrison Clarke Rickerby (legal) and Bishop Fleming (financial).