C4L Group Holdings, the parent company of IT infrastructure specialists C4L (Connexions4London), has announced the acquisition of CloudSpec, a London-based cloud hosting provider founded in 2013 and formed by a team of industry leaders.
The acquisition has enabled CloudSpec inside access to C4L’s coreTX network, meaning a costly part of the business can now be removed and efficiency would significantly improve with positive revenue forecast generated. In turn, C4L now has a new service offering; highly scalable cloud backup, archive and storage. Financial terms of the acquisition were not disclosed. Both C4L and CloudSpec will continue to trade independently as part of C4L Group Holdings.
The Service Delivery Director of CloudSpec, Archie Maddocks, has now been appointed as Operations Director of C4L, where his key skills and specialist knowledge of CloudSpec will be instrumental to C4L’s continual improvement and target of 60% revenue growth this year.
Simon Mewett, CEO of C4L Group Holdings, said: “There was a twofold reason for the acquisition of CloudSpec, firstly, CloudSpec has enormous potential through leveraging C4L’s coreTX network, and secondly, our first Director-level appointment of Archie Maddocks as Operations Director of C4L not only strengthens our team as he brings with him a wealth of experience in Operations, but he also has strong commercial acumen which compliments the senior management team at C4L.”
“It is a strategic goal to expand our products & services through acquisitions which offer both our customers and our channel partners the leading edge in the industry,” added Mewett. “So, to bring CloudSpec under C4L Group Holdings and welcome Archie to the team gives me great pleasure as I look forward to a fast-growing profitable year with many more happy customers.”