UK IT services and solutions company, the pure technology group (PTG), has announced its acquisition by Fulcrum Technology Group B.V. (Fulcrum), the European division of a global technology company focused on a pan-European strategy to deliver long-term growth in the IT sector.
Fulcrum plans to retain PTG’s senior management team and all personnel. As part of Fulcrum, PTG will gain access to a broader customer base and will be influential in helping expand the group’s strategic portfolio of products and services.
Beginning in 2007 and led by Founder and CEO Stephen O’Brien, PTG has grown every year it has been in business, reaching £39.7m in its last financial year and employing 140 people through three locations in Leeds, Wakefield and Wigan. This success is largely due to PTG’s strategy in cloud, edge and services, aligned to its strong teamwork culture and customer-focused service model.
O’Brien said: “We’ve had many approaches over the last couple of years because, fundamentally, we’re a great business. Fulcrum’s pitch was different though; they have a bigger strategy in play, which will propel us towards being amongst the top echelon of UK IT service providers. We also share many values, which will only enhance what’s truly special about our business – our people, our culture and our service. For all of us, and our customers and partners too, this is a tremendous opportunity.”