Data firm Node 4 announces Reconnix acquisition
Purchase of open source technology business marks data centre company’s second acquisition since 2013 LDC management buy-out
Regional data centre firm Node4, founded by 2009 Growing Business Young Gun Andy Gilbert, has acquired Newark-based app development and cloud solutions company Reconnix for an undisclosed sum.
Specialising in open source technology services, Reconnix provides managed solutions for cloud infrastructures, open source projects, app support and app development and works with UK brands such as Morphsuits.co.uk and Home Outlet.
The deal is set to strengthen Node4’s portfolio of cloud solutions and enhance its Platform-as-a-Service offering, and will also enable Reconnix customers to gain access to Node4’s existing services.
The acquisition will see Reconnix co-founder and CEO Steve Nice join Node4 in a senior management position while the company’s team of 30 staff will remain at the Newark site; which will become part of Node4’s network.
Established in 2004, Node4 operates a regional network of data centre facilities in Derby, Northampton and Leeds, and provides a range of managed IT services and cloud services with a customer base of over 700 small and medium businesses. As of 2013, the company had annual turnover of around £13m.
In May 2013 the firm was bought out in a management buy-out backed by venture capital firm LDC, with founder Gilbert remaining as managing director to take the business forward.
The deal represents the second acquisition to be completed by the company since LDC backed the business.
Node4’s Gilbert commented: “This latest acquisition further strengthens our expertise in three key areas that will be critical to Node4’s future success; application development, operations management and infrastructure management.
“Reconnix brings a very impressive depth of open source expertise which allow us to enhance our cloud offering and continue to ensure our customers benefit from the very best IT infrastructure tailored to their individual needs.”