5. CloudClevr
Q1 acquisition activity: Bamboo Technology
M&A agenda
If SCC is Rigby Group’s seasoned tech brand, CloudClevr is its acquisitive kid brother.
Incorporated in December 2022 after Rigby Group committed £150m to support technology investments that don’t fit within SCC, comms specialist CloudClevr made its third acquisition in January in the form of Cheltenham-based Bamboo.
The Microsoft, Ring Central, Zoom and Cisco partner bills itself as a “next-generation MSP”.
The deal for £12m-revenue, 64-employee Bamboo follows CloudClevr’s purchases of 4Sight Communications and NGC in June and September 2023.
What they said
“Bamboo brings key complementary capabilities and additional scale to the CloudClevr group that further underpins our deep technical capability across a truly converged portfolio,” – Steve Harris, CEO, CloudClevr
Dazzling detail
Even before it acquired Bamboo, CloudClevr claimed it was already “on its journey” to becoming a leading cloud, comms and IT provider, with 300,000 seats.
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