IT managed services provider Redsquid has acquired Aberdeen-based *IT Hotdesk to boost service offerings in the region. IT Hotdesk’s team and operations will be integrated into Redsquid’s existing structure.
This is Redsquid’s third acquisition this year. In August Redsquid bought OptivITy, a managed service provider specialising in the film industry. In March it acquired Epoq IT a High Wycombe-based managed service provider. Last July it bought companies: Covue, a managed service provider which focuses on the education sector, and Connect2. Three years ago it took over Thame-based managed IT services business Triumph Technologies.
Redsquid was founded in 2006 by Sohin Raithatha (main pic left) and Vince Mignacca, (Main pic right) who remain the sole shareholders. It offers IT managed services, cybersecurity, cloud solutions, unified communications, and consultancy.IT Hotdesk specialises in IT support and cyber security services.It was set up in 2009 and operates from offices in Aberdeen, Edinburgh, Glasgow, and Inverness
CEO Raithatha commented: “We have had a presence in the North and look forward to being closer to our customers so we can continue providing value as their local MSP.”
IT Hotdesk founder Gordon Christie added: “This partnership will enable us to deliver greater value and create a stronger and more comprehensive service portfolio. This move aligns perfectly with our vision of supporting our customers’ transition to greener technology. We look forward to being part of the region’s journey as it transitions from traditional oil and gas industries to renewable energy sectors.”
The acquisition was funded by ThinCats, a non-bank alternative lender. In 2022, ThinCats topped Experian‘s national annual table of mergers and acqusition debt providers, funding 71 transactions and surpassing traditional banks.