Managed Services Provider IT Lab’s finances have received a boost after it announced today it has sold a majority shareholding in the company to private equity firm, ECI.
This it says, will help it to continue to grow both organically, and pursue its M&A strategy.
Operating out of London, Cape Town and Manchester – after acquiring local firm JMC IT in 2015 – IT Lab provides infrastructure, cloud, ERP software, mobility and security solutions, as well as managing technology transformation projects to SMEs and midmarket organisations.
“We provide vital IT services to SME and mid-market companies that are the backbone of the UK economy. We are totally focused on helping our clients achieve their business objectives, leveraging technology to operate more effectively, more flexibly and more competitively and supporting them as they grow. IT Lab is in a very exciting growth phase with tremendous potential to expand our capability and reach,” comments Peter Sweetbaum, CEO of IT Lab:
“Partnering with ECI will allow us to deliver a greater focus on clients as they navigate new technologies. In the coming years, our clients will be faced with new challenges and this deal will help us to take a lead in service provision as IT outsourcing’s growth continues.”
