Software company Access Technology Group acquires cloud hosting specialist Stratogen
- Credit: Archant
Access Technology Group, the business software company based at Stratford St Mary, between Ipswich and Colchester, has acquired cloud hosting specialists StratoGen.
The deal, the value of which has not been disclosed, gives Access hosting capabilities to support ongoing growth of its SaaS (Software as a Service) and cloud suite of products.
StratoGen, which is based in Brighton and also has an office in New York, has more than 150 customers and annual revenues of around £4million.
It specialises in offering VMware hosting solutions to an international market, giving customers the capability to run and manage their own applications in a hosted environment. Access’s portfolio now offers a range of integrated enterprise solutions, managed services, cloud-based point solutions and hosting.
Chris Bayne, chief executive at Access, said: “Bringing hosting into the Access portfolio extends our control over the delivery environment, enabling us to improve the service provided to our customers. This acquisition gives us end to end control of our SaaS and cloud based product offering.
“With the acquisition of StratoGen we have expanded the services we can offer to new and existing customers. It boosts our capability to support our customers in their move to our SaaS and cloud based products.”
Access has been on a path of strategic and organic growth since undergoing a managemen buy-out backed by Lyceum Capital in March 2011, with its latest annual results, announced last week, showing revenues of £53.5m and earnings of £11.6m.
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Karl Robinson, chief commercial officer at StratoGen, said: “I am excited for StratoGen to be part of a larger group who can support the growth ambitions of our hosting business. Access and StratoGen are an ideal fit, both are innovative companies who specialise in delivering solutions that help businesses grow.”
Chris Bayne added: “Our SaaS and cloud platforms are continuing to grow with recurring revenues increasing 323% year on year.
“This acquisition continues our ongoing growth strategy to provide solutions that meet the needs of the whole organisation, from finance and HR, to collaboration tools and CRM, delivering full transparency and visibility of information across every department.
“We are fully prepared for the future in being able to provide the service and delivery options that our customers require to support their growth.”