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Second acquisition for Redsquid

London-based technology provider Redsquid has increased its customer base to 850 organisations and extended its reach to the Oxford area with the acquisition of Triumph Technologies, an Oxfordshire-based managed IT technology provider with annual revenues of more than £1.5 million. 

The acquisition, which advances the company’s buy and build growth strategy, was supported by a Growth Capital loan from Santander UK’s Growth Capital team. 

Redsquid founders, CEO Sohin Raithatha and COO Vince Mignacca, will remain the only shareholders of the business, which they have grown organically and through two other acquisitions over the last 15 years. 

www.redsquid.co.uk

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