IT firm secures investment to boost acquisition growth strategy

An IT specialist has received backing from a private equity firm in order to boost its ongoing growth.

Acora has secured investment from Palatine Private Equity in order to support its expansion through strategic acquisitions.

Acquired by CEO David Rabson through a management buyout in 2008, Acora operates a sales centre in London as well as three service centres in West Sussex and the West Midlands, with a number of additional staff across mainland Europe and the US.

The backing from Palatine Private Equity will allow the business to renew its focus on acquisitive growth, as well as expanding its workforce and investing in new technologies.

David Rabson, CEO of Acora, commented: “We are extremely pleased to be joining forces with Palatine, from an early stage in our discussions it was clear to us that they would be the right team to help us drive our journey faster and help us build on our successes to date.

“Our collective ambition is well-aligned, which will benefit the Acora business, its people and as importantly its customers alike.

“The key focus now is to continue to develop and grow our capabilities to support our loyal staff and customer base. We anticipate making further corporate announcements throughout 2020.”

Tony Dickin, partner at Palatine Private Equity, added: “We are delighted to have completed our investment in Acora.

“The business has transitioned from its roots as a service desk provider to now offering best in class cloud transformation and ongoing support services to its clients. The team has created an excellent platform to deliver fast paced growth both via acquisition and additional investment in people and services.

“We look forward to supporting the team’s value creation strategy going forward, specifically in helping the team convert the pipeline of buy and build opportunities they have highlighted.”