Optimity acquires Avagio IT

FPE Capital portfolio company Optimity acquires Avagio to further strengthen organic growth in IT and managed service product lines.

Optimity Limited, a leading London-based managed IT services and connectivity provider is pleased to announce the acquisition of Avagio IT Services Ltd. The acquisition will help Optimity to accelerate and strengthen its accomplished IT Managed Services portfolio which both companies have been operating for 20 years.

Avagio is an established managed IT services provider that offers its own branded ‘Worry Free IT’ solutions for UK-based customers. Specialising in IT support, security & compliance, infrastructure and consulting services, the company has seen significant growth due to a dedicated and unique focus on customer excellence delivered by a highly capable and skilled team.

The acquisition will strengthen the services Optimity provides to existing customers and demonstrates the ambition of both companies to offer best in class solutions, platforms and support services on a UK wide basis.

Backed by FPE Capital, Optimity has transformed London’s high-speed connectivity market by providing a unique alternative to fibre connectivity and has extended its product set into fully managed IT services creating flexible, secure and intelligent workplace environments for its customers.

Discussing the deal, Optimity’s CEO, Leeland Pavey said:

Optimity’s position in London is well established and the business has been hugely successful in providing alternative connectivity solutions, coupled with the ability to modernise campus and office IT infrastructure environments. With Avagio’s support we will be further strengthened to deliver next generation, integrated IT technologies for our customers. Optimity has leading industry experience and a proven track record of investment in ‘backbone’ data service and infrastructure. By integrating the services both companies provide, we can offer our customers core infrastructure services right the way through to endpoint device management - with everything else in between!

Leeland Pavey, Chief Executive Officer

Managing Director of Avagio, Adam Morris commented “Finding a new owner for Avagio with an aligned ethos, was never going to be any easy task; but it was very quickly apparent that with Optimity, we had a shared vision of what our customers expected and can benefit from joining forces with Optimity.”

Notes to Editors:

FPE Capital

FPE is a specialist growth investor in B2B software and services businesses. FPE partners with ambitious UK and Irish companies to enable them to realise their potential. It is authorised and regulated by the Financial Conduct Authority. www.fpecapital.com

About Optimity

Optimity is a connectivity and IT managed services provider focused on servicing fast growing businesses. Optimity provides a wireless internet connectivity solution that is a unique alternative to fibre connectivity and has since extended its product set into a full IT service for small and medium businesses, smart campus and workplace environments. www.optimity.co.uk