Pace Equity is pleased to announce that Interoute Communications Ltd, owner and operator of Europe’s largest cloud services platform, has acquired Quantix, a cloud services provider in Nottingham, England. Pace Equity acted for the buyer, introducing the deal following a focused search of the marketplace for businesses that would add value to their current service offering.
This acquisition bolsters Interoute’s cloud-based unified ICT strategy by adding managed application services to its unified computing and managed hosting portfolio. Utilising Quantix’s “OraCloud” platform, Interoute will look to manage its International customers’ database applications, including Oracle and SQL, as a cloud based service.
An early innovator in the cloud space, Quantix’s expertise lie in managing database applications and their associated infrastructure. Interoute plans to build on the rich pool of specialist skills at Quantix’s headquarters in Nottingham and turn it into the Group’s centre of excellence for application management and cloud services development.
Interoute said “Pace demonstrated their market knowledge by quickly identifying a very attractive target and facilitating the acquisition process”
For additional information on the deal, or to discuss how Pace Equity may be able to assist in growing you business via acquisition, please contact us at:
T: 01491 577889