Redsquid has acquired MSP OptivITy to enhance its expertise in network and security services and add 12 members to its team.
The acquisition also facilitates a move into the film vertical with OptivITy supporting large UK film productions.
Partly funded by an ongoing facility from Triple Point, paired with balance sheet cash funds, the deal marks Redsquid's largest acquisition to date. This follows three acquisitions in the past few months.
Sohin Raithatha, CEO of Redsquid, said: “This acquisition is a pivotal moment for the Redsquid Group, propelling us into our next phase of growth.
With OptivITy, we are entering a new industry and welcoming prestigious global brands into our community.”
Peter Bhachu, Founder of OptivITy, added: “To take the business to the next level I decided to partner with Redsquid as they could provide the business with the expertise and skill set to enhance our offering to our customers.”