Leeds-based IT security and storage company Altinet has been acquired by Arrow.
All the directors and employees of Altinet will remain and work within the Arrow group, “ensuring a smooth transition for all of its valued clients”.
Altinet was founded by Daniel Bailey and Henry Doyle (above) and has more than 400 clients in both the private and public sectors, including Leeds United.
The duo will continue to lead “a number of key customer relationships and day-to-day activities” for the company.
They said: “We have been considering the best way to maximise the potential of our business and in Arrow we have found a great home for Altinet. As a Cyber Security specialist, we are excited to be joining the Arrow family and see this as the natural next step for the continued growth of the business.
“We are looking forward to working with Richard and the Arrow team in continuing to support our existing customers and working with Arrow customers through their security challenges”.
Surrey-based Arrow, which specialises in telephony, data, IT and energy services, has eight offices and annual sales of more than £49m. The company, which has 245 staff, is evolving its IT offering and said the deal represented “an ideal first acquisition in the next phase of growth”.
Arrow CEO Richard Burke said: “With it’s strong cultural alignment to Arrow, expertise in cyber security and impressive sales oriented approach, Altinet represents the perfect first acquisition following the investment in Arrow by MML.
“I am excited by the possibility of offering the broader product portfolio into the combined customer base and extending Arrow’s IT capability. I’m sure Dan, Henry and all the Altinet team will continue to thrive with the additional support of the wider Arrow business and I look forward to welcoming them all to the team”.