Cobweb has acquired IT support MSP Coretek Group, facilitated by advice from Prism Corporate Broking, in a strategic move that strengthens Cobweb’s capabilities, allowing it to broaden service offerings and strengthen its position in the IT services market.
The acquisition of Coretek - one of a few IT MSPs to operate their own privately-owned and UK-based cloud platform – will help Cobweb deliver effective IT systems that keep businesses productive and secure in a range of settings.
The Prism team performed an Options Review for Coretek’s owners to help them identify the best route to follow.
Once it had been agreed that selling was the right option, Prism then guided them throughout the whole of the sale process to successful completion.
Clare Satchwell, Managing Director at Cobweb, said (pictured): “This acquisition allows us to combine our strengths and provide an even higher level of service and wider product portfolio to our clients.”
Garry Miller, Founder of Coretek, added: “Prism provided guidance throughout our business sale process and ensured that our objectives were met seamlessly - Cobweb is a great fit for Coretek.”