Acquisitions in the cloud market are starting to pick up as businesses start to look for ways to diversify, develop new complementary products and look for fast growth. However the acquisition by Reading-based data back up and cloud services reseller Redstor of South African software developer Attix5, is aimed at developing Redstor from a UK reseller to an international software and services business.
Attix5 provide backup and recovery technology and managed services to hundreds of service providers across every continent. Additionally Attix5 have a development office in Stellenbosch, South Africa and sales and support offices in Johannesburg and Reading UK.
The deal was completed for an undisclosed sum and comes on the back of a long-standing relationship whereby Attix5 have been an integral partner of Redstor providing the underlying technology that drives Redstor’s backup service for schools (RBUSS).
Paul Evans, CEO of Redstor stated, “The acquisition of Attix5 brings to a close one of the longest running courtships in history. We have been trading with Attix5 since 2005 and have always enjoyed a strong relationship.”
Evans continues, “Today, Redstor are known as one of the leading backup, disaster recovery and storage businesses in the UK. The opportunity to evolve through gaining our own IP and expand our geographical footprint was a natural step that will allow us to have greater control over our future development.”