Daisy Group and Phoenix IT agree £135 million SME UC deal

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Best-of-breed business telecoms provider Daisy Group has announced the agreement of its bid to acquire IT infrastructure provider Phoenix IT, in a deal valuing the latter at £135 million.

“We believe that the acquisition of Phoenix creates the unique opportunity to become the first truly converged IT and unified communications provider in the UK mid-market,” said Daisy Group founder and executive chairman, Matthew Riley. “We look forward to combining with Phoenix and continuing to provide essential services to our customers to allow them to run and grow their businesses.

“This announcement builds upon the corporate acquisition strategy that Daisy has successfully executed, and continues to follow, in order to offer a diverse product portfolio as a leading UK supplier of unified business communications solutions to SMEs and mid-market businesses.

“The addition of Phoenix’s strengths in IT services and solutions, particularly its managed services and rapidly expanding cloud services, will further strengthen Daisy’s existing portfolio of products and services that represent the converging world of traditional telecoms and IT.”

Daisy Group CEO Neil Muller added: “Phoenix enhances our capability across the markets in which we have chosen to operate. It allows us to add to our capability and provide end-to-end solutions directly to our mid-market customers.

“Phoenix is one of the UK’s leading providers of IT infrastructure services, with award-winning cloud-based services and managed services expertise. As such, we believe the combined group is well positioned to increase its market share and continue to be the provider of choice for its customers and partners.”

Phoenix said that it recognised “the benefits achievable by combining with Daisy and, in particular, the ability to provide customers with access to a wider range of IT services and unified communication services”.

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Chris Middleton

Chris Middleton is a widely respected business and technology journalist, author, and magazine editor. In recent years he has been Editor of Computing (where he remains Consulting Editor); co-founder and Managing Editor of Professional Outsourcing – a magazine he developed from scratch and grew to be the leading magazine in its field; Editor of CBR in its most successful year; and co-founder and launch Editor of Sourcingfocus.com. Today, he is co-Director of EastwoodMiddleton Publishing, and founder, designer, and Editor in Chief of Strategist magazine (UK), the boardroom magazine that provides strategic insight for business leaders, and of its mobile-first digital edition at www.iamtheStrategist.com. He is also co-founding Editor of Child Internet Safety magazine, and a contributing Editor of Diginomica.com. Over the years Chris has also written for, among many others, The Guardian, The Times, the BBC, and Computer Weekly. He is the author of several successful books on digital media, and a commissioning editor of more than 50 books.