8. Aspire Technology
Deals announced in 2024: CloudCoCo Ltd (October), CloudCover (January)
Appetite for M&A
Having taken on LDC as its private equity backer in 2022, this Gateshead-based MSP announced two sizeable acquisitions in 2024.
The bigger of these – of AIM-listed CloudCoCo’s MSP business – was only completed last month.
That deal, for up to £9.2m and covering £7.3m of revenues (Leeds-based CloudCoCo is holding onto its reseller business), followed on from an announcement in January confirming it had acquired Glasgow MSP CloudCover.
What they said
“While CloudCoCo has undergone a period of structural transition, what truly stood out to us was its strong relationships with its high-quality customer base and the expertise within its team,” Chris Fraser, Aspire CEO and founder
Fun fact
Aspire’s two most recent acquisitions begin with the same seven letters.
Countdown continues on following page…
