Cavendish Corporate Finance (Cavendish), part of finnCap Group, has closed a deal for the sale of Datrix Limited (Datrix), a supplier of cloud-based networking, communications, and cyber security solutions, to AdEPT Technology Group (AdEPT), one of the UK’s independent providers of managed services for IT, connectivity, unified communications solutions, and cloud services
Based in London since 1994, Datrix boasts considerable expertise in the growing market for Software Defined Wide Area Networking (SD-WAN), having designed, delivered, and managed end-to-end enterprise solutions for a number of multisite, mission-critical environments. With 63 per cent of total revenue generated from public sector clients, Datrix’s strong customer base includes NHS Trusts, care homes, local authorities, and universities, as well as energy companies, law firms, and construction companies.
Demand for Datrix’s unified, secure cloud-based network and communication solutions has been accelerated by the changes to working lifestyles driven by the pandemic, and this demand continues to grow in both the public and the private sector. Datrix is well-positioned to benefit from this increased demand. This background makes the acquisition of Datrix a strategically important one for AdEPT, enhancing the Group’s capabilities and increasing its market share in a key cloud-centric growth market and in complementary verticals.
Source: Private Equity Wire
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