QBS Technology Group has acquired the majority shareholding in UK MSP distributor Zedsphere, as it looks to strengthen its recurring revenue business model.
The addition marks the firm’s second acquisition of 2019, following the purchase of French distributor Siener Informatique back in February. This latest move adds a further 814 unique resellers to the total served by the group, QBS revealed, as well as a new office in Warrington, Cheshire.
“We are developing QBS to meet the current and anticipated requirements of our reseller partners and software publishers – we see this acquisition having future value for the specialist software distribution landscape,” said Dave Stevinson, CEO of QBS Software.
“The acquisition of Zedsphere strengthens our software delivery platform and gives us a dedicated arm with a laser focus to deliver outstanding services to the MSP community.”
Following a spell of consistent growth for the company, QBS said it expects to announce organic revenue growth in excess of 50%, excluding acquisitions, for this financial year. The firm’s Cybersecurity arm has also agreed three new distribution agreements with OPSWAT, F-Secure and RStudio.
“At QBS a key criteria of how we measure ourselves is our ability to execute on our vision,” Stevinson continued. “This acquisition is an example of how we are pursuing that vision to be the most important software distributor to the EMEA reseller community. We will 100% deliver on that vision through a blend of organic growth and acquisition.”
Following the acquisition of Siener Informatique last month, Stevinson revealed that QBS has tripled its turnover in the last two years, but cautioned that international development is “mandatory” to be able to sustain the trend.
Now, as the firm’s integration process in Paris continues, Stevinson added that further expansion is the company’s “next priority” as it sets its sights on expanding to Italy, Germany and Holland.
