UK business-focused ISP and Managed Service Provider (MSP) Login announced its merger with IT solutions company KTSL to create the Connectus Group. Current Connectus CEO Roy Shelton will also become Connectus Group CEO.
The companies and their 60 staff will continue to operate from six locations across the UK and Ireland, with plans already in place to create new employment opportunities in their sales, delivery and support functions. The group’s head office will also remain in Doncaster and the current CEO of KTSL, Rob Markswill become the non-executive chairman of Connectus Group.
The merger follows a due diligence and legal process that began last November. Thanks to this agreement, the Connectus group expects to generate revenues of more than £10 million in the current fiscal year ending March 2023, including “significant and sustainable profitswhich will help accelerate their future growth.
Some of their current clients include AIB, UCB, Unilever, Peel Group, Sale Sharks and the National Police Air Service. Connectus has also rolled out a “full fiber» Broadband and Ethernet network to serve a number of business parks in the North of England.
Roy Shelton, CEO of Connectus Group, said:
“Today marks the start of an exciting new chapter for Connectus Business Solutions and KTSL and will present an opportunity for growth and job creation.
By bringing these two great organizations together and creating Connectus Group, we have significantly increased our technical capacity, increased our delivery resources and deepened our pool of sales experience. This is the third transaction in as many years for Connectus, having been forced to put our ambitious M&A strategy on hold due to the global pandemic.
While this period has presented challenges, it has also created exciting opportunities for forward-thinking companies like ours that can adapt quickly to the changing needs of our customers.
This merger enables both companies to work together on a common vision, which is to provide efficient, collaborative and sustainable services to our customers and staff and to execute revenue growth through a planned and controlled expansion program.
It also brings greater scale, allowing us to bid on larger opportunities, increase our recurring managed services revenue, and allow us to leverage over sixty staff members in a more collaborative way.