‘Innovative’ tech company grows turnover to over £13m in London acquisition
NewCMI Ltd, a UK based IT service provider has successfully completed the purchase of Brookland Computer Services, a Cloud Services Provider based in Cheam, south-west London.
The acquisition of Brookland takes CMI to a turnover in excess of £13m with a staff of 100, based in four sites across the UK – Belfast, London, Cheam and Reading.
Brookland has operated for 25 years in the UK and offers a range of hosting services and a full range of IT connectivity and support services. The company has 20 employees and a customer base of 150, including clients from financial, manufacturing, and professional services sectors amongst others.
This latest acquisition provides CMI with complimentary skills to further develop its digital transformation capabilities and further cements its commitment to the IT sector and the clients it serves. The acquisition was funded by a combination of growth equity provider Panoramic Growth Equity and Boost & Co.
Ken Roulston, managing director of CMI, said: “The acquisition of Brookland will create an even stronger IT service provider to meet the needs of business in the post pandemic world. We take great pride in providing our clients with the best advice, so that they get the most from their IT investment.
Eamonn Fogarty, managing director of Brookland commented: “This is great news for our clients and staff as it will allow for an even better IT support service, with more resources and a larger professional services team, with an even wider skillset.”
The acquisition of Brookland comes on the back of CMI being recognised as one of the “most elite, innovative and strategic IT service providers globally” by the Channel Futures MSP 501 programme.
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