SMB advised cloud-based networking, communications, and cybersecurity solutions firm, Datrix Limited, on its sale to AdEPT Technology Group PLC, a market leading London-based information technology provider, for an initial cash consideration of £9 million.
The SMB team was led by Partner, David Martin, assisted by Associate, Rob Hepburn, with wider support from Dan Cotton (Employment), and Jodie Sheldon (Property).
“This acquisition is a game-changer for AdEPT, taking us to the forefront of next generation networking delivery,” stated AdEPT Chief Executive, Phil Race.
“Datrix, with the outstanding new products and partners it brings, builds significantly on our capabilities, adding scale and extending both our expertise and our solution breadth, which will benefit our customers in this large and growing marketplace.
Datrix’s key management will remain in their current roles in order to expand the group’s presence in advanced cloud-centric networking. Datrix Managing Director, Mark Thomas, will continue to lead the firm and will report directly to Race.
Datrix Managing Director Thomas, added: “We are delighted to become part of the AdEPT Technology Group.
“From the outset, it was clear that the solution set we take to market is complementary to AdEPT’s, and that the combination of AdEPT and Datrix expertise will bring benefits to both parties, and crucially to our customers.”
In support of Black History Month, Razwana Akram and Rachelle Senghor headed out today to the 1-54 Contemporary African Art Fair at Somerset House.Read more
SMB’s Media Team have advised FAE Film and Television Limited on the production and financing of new film Save The Cinema for Sky Cinema.Read more
In a judgment handed down on Tuesday 19th January, SMB won a claim to recover the domain name blackjack.com on behalf of our client, Hanger Holdings.Read more