Wales’ leading IT business, Circle, has been acquired by Arrow Business Communications Ltd in a strategic deal to deliver growth for both organisations.
Arrow has agreed to pay an undisclosed fee for Cardiff headquartered Circle. The Group, that recently acquired Macclesfield based Fabric IT, will continue to operate as normal.
The existing senior leadership team at Circle will remain in their current roles as part of the acquisition. Founder, Roger Harry becomes a major shareholder within the Arrow Group and will play a pivotal role in the strategy and the growth of the business moving forward.
Circle was founded in 2002 and has gone on to build a national customer base, with clients including UKTV, Harrison Clark Rickerbys and Cardiff University. More than 100 employees at the Cardiff headquarters, plus the Macclesfield-based Fabric team, will now become part of Arrow.
Leading IT and Telecoms solutions provider, Arrow, has acquired the Circle Group in a strategic move to expand their product offering through Circle’s expertise in cloud solutions, networking and managed support. Circle’s Microsoft Tier 1 CSP partner status alongside Fabric IT’s accreditations in Microsoft Dynamics enables Arrow to offer the full Microsoft suite of solutions and benefit from the extensive experience across both public and private sectors.
Lincoln International and Harrison Clark Rickerby were lead advisors for Circle on the deal.
Roger Harry, Founder of Circle, commented:
“I am delighted that Circle has joined Arrow and look forward to the opportunities that Circle will see as a result. Over the coming years I’m excited to continue to drive the growth of the business as a major shareholder in the Group. It is an exciting new chapter for us.”
David Jones, CEO of Circle, commented:
“Joining Arrow is a very exciting step in the growth and development of Circle. With the acquisition, we can work together to offer our customers a broader portfolio whilst delivering the same levels of exceptional service.”
Richard Burke, CEO of Arrow, commented:
“I believe this acquisition completes Arrow’s solution portfolio and ensures we continue to provide relevant solutions across our three customer demographics of Enterprise, Public Sector and Mid-Market.
“I am really excited to welcome the Circle and Fabric teams into the Arrow family. The cultural alignment of the businesses has stood out throughout the acquisition process, which in addition to the high level of technical skill sets across the organisations that will enhance Arrow’s cloud, Microsoft and networking capability even further following recent acquisitions, I’m sure the partnership moving forward will be a great success.”