SiRViS IT Holdings

Esteem Systems, one of the UK’s leading IT services providers, has today announced it has acquired SiRViS IT Holdings Ltd, which provides IT services and support throughout the UK and Europe. Backed by Primary Capital and Lloyds TSB, the acquisition is Esteem’s second deal of the year following the purchase of Oracle services provider, MIDAS IT Solutions in May 2010.

“Our aim this year is to grow Esteem to a thriving £60m business both organically and through acquisition, despite difficult market conditions, so the acquisition of SiRViS is an important part of this strategy. SiRViS will complement our specialised managed services portfolio with its reputable outsourced customer and IT service capabilities and doubles the size of our business to 230 employees. We look forward to welcoming the SiRViS team to the Esteem group,” says Joe Connolly, CEO, Esteem Systems.

Woking-based SiRViS, which trades as Linetex and ATM, employs 130 people and provides both on-site and remote, IT services and support. Linetex and ATM will continue to be managed as a separate division by its current management team.

“Today’s climate is forcing many businesses to renew their focus on IT costs and operations. By combining our remote customer services, IT support and managed services, Esteem and SiRViS can offer customers the ‘total package’ for IT infrastructure and support”, says Mark Lewis, managing director of Linetex and ATM.

We were the exclusive financial advisors to SiRViS IT Holdings on this transaction.