Travers Smith LLP has advised Pulsant, the cloud computing, managed hosting and colocation expert, on the acquisition of the IT consultancy business of Spinnaker Red.
Travers Smith has a long-standing relationship with Pulsant, having previously advised it on the acquisitions of Lumison, BlueSquare, DediPower and Scolocate. The firm also advised the shareholders of Pulsant in relation to the sale of Pulsant to, and their re-investment along-side, Oak Hill Capital Partners and Scottish Equity Partners in July 2014.
The Travers Smith team was led by M&A associates George Weavil and Ian Keefe and also included M&A partner Helen Croke, tax partner Jessica Kemp, tax associate Tom Rickford and commercial, IP and IT associate Louisa Chambers.
Mark Howling, CEO of Pulsant, said: “We are delighted that the acquisition of Spinnaker Red’s consulting business has been finalised. As well as enhancing our cloud infrastructure services portfolio, Pulsant is now well-placed to offer really strong expertise in the areas of IT migration, project management and IT transformation to help customers move into hybrid cloud environments.
As a business, we remain focused on offering the highest level of cloud-based services and solutions and Spinnaker Red’s hugely experienced team will enable us to offer even greater levels of value and support to our customers.”
The two companies have previously worked together on a number of key projects and as part of the acquisition, Spinnaker Red’s consulting employees will be transferred to the Pulsant team.