Anchor Computer Systems has acquired the entire share capital of Databax from the Archibald Bathgate Group (ABG). The deal enables Anchor to build on the services offered by its Managed Services business unit and adds 5 staff, 30 customers and a new office location in Manchester.
Anchor can now offer new complementary services such as Microsoft Office365, VOIP telephony and private leased lines to its existing clients. This adds to the current Managed Services offerings of Platform as a Service, Infrastructure as a Service, Disaster Recovery as a Service, and Backup as a Service.
Anchor now employs 65 people across its three locations in Birmingham, Bangor and now Manchester. The company is one of the UK’s leading providers of software solutions for the financial services sector with its loan management platforms used by over 200 customers.
It is the company’s second deal this year, following the acquisition in January of award-winning VTG Managed Services, based in Hampshire.
Paul O’Sullivan, Anchor’s CEO, said: “We have worked with ABG for over 10 years supplying our Sentinel solution to its business finance company.”
“When we acquired the VTG Managed Services division earlier this year we were immediately looking for complementary bolt-on acquisitions and Databax fitted the bill. We will be able to offer new services to existing clients of both the existing Anchor business and the Databax client base.”
ABG CEO, Gary Laverick, said: “Having owned Databax for over 15 years we felt now was the time to let the company grow under the umbrella of a business focussed fully on the Managed Services space which is set for huge growth over the coming years.”
“In Anchor we had an established business partner that shared the same values as ourselves so the fit was obvious. We’re excited about the future of Databax and we’ll continue to be a customer of the business under its new ownership.”