Basingstoke 1st November 2010: 365 iT plc announces the acquisition of Fox IT Ltd, the global independent service management & governance specialist which is a premier provider of consultancy and education solutions in the field of IT Service Management (ITSM). Terms were not disclosed.
With over 120 employees, 365 iT plc designs and delivers information and communications technology (ICT) services that help organisations enhance their IT effectiveness and ROI, enabling them to better meet their business objectives. Headquartered in Basingstoke, the company works closely with its clients from SME businesses through to corporate and public sector organisations.
Commenting on the acquisition, Peter MacLean, 365 iT plc's chairman and chief executive, said: "This is a very positive development for the 365 iT group and I welcome Paul Speers and his team. I look forward to working closely with them and in particular to helping them grow their business model substantially in the coming years".
MacLean continued: "This latest acquisition represents yet another significant step forward consolidating the group's position in the very competitive and rapidly developing IT services market."
Paul Speers, Fox IT's managing director, said: "The future is undoubtedly very exciting and I believe that Fox IT's capabilities in ITSM and ITIL strongly complement those of 365 iT plc. The combined forces of both companies will establish a new benchmark in the IT Services Sector."
This 5th acquisition in just 4 years demonstrates the strength of 365 iT and the group's ability to exhibit continued substantial growth at a time when many businesses are doing quite the opposite. In September, 365 iT plc was ranked the 15th fastest growing technology company in the UK, according to the prestigious Tech Track league table.
Notes to the Editor:
1. 365 iT plc was founded in 2005 and now employs over 120 people. Through its wholly owned subsidiaries (365 iTechnology Ltd, 5i Ltd, 7 Global Group Ltd and Fox IT Ltd) the group provides an extensive range of IT services and solutions that addresses ten strategic areas of IT operations and management: IT Managed Services, Unified Communications, Business Continuity, Data Backup, IT Security, Virtualisation, Networks, Storage Solutions, Infrastructure Solutions and IT Service Management.
2. Fox IT is a global IT Service Management and Governance company, providing organisations with consultancy and education solutions that help them to align their IT operations with the business strategies and ensure good IT Governance.
Its services are underpinned by world-class Service Management and Governance concepts and practices based on a range of industry standards, including the IT Infrastructure Library (ITIL), the global de facto best practice guidance for delivering business focused IT services, MOF, ISO20000 and COBIT.
Fox IT has more than 30 employees. Its head office is in Woking in the UK and it is further expanding its global presence through strategic partnerships in Japan, South Africa, Middle East, Central Europe and Latin America. Fox IT has undertaken transformation engagements in over 50 countries.
3. ITIL is the most widely accepted approach to IT service management in the world. ITIL provides a cohesive set of best practice, drawn from the public and private sectors internationally. It is supported by a comprehensive qualifications scheme, accredited training organisations, and implementation and assessment tools.
Tel: +44 (0) 7747 100000
Tel: +44 (0) 7747 100000