Premier IT Networks

Aug 3, 2015

The expansion plans of Derby HQ’d Node4 have taken another step forward with the acquisition of London based cloud services provider Premier IT Networks. This is the third acquisition since Node4 received backing in 2013 from mid-market private equity house LDC, which is part of the Lloyds Banking Group (see here ). The acquisition will enable Node4, who provides colocation, managed hosting, cloud servers, and connectivity services, to expand its UK market and its cloud services, while both companies are looking to fuel rapid growth. Node4 will also benefit from Premier IT Network’s focus on high security cloud provision for data sensitive sectors. Premier IT Networks is certified to provide cloud services to UK government departments, able to handle data classified as ‘Restricted’ (or ‘Secret’ under the new scheme) and is an approved user of the Criminal Justice Secure Email Service. The company also targets other data sensitive verticals, specifically the legal profession and the charity sector. The high security and vertical focus will provide valuable new openings for Node4, which makes this a well-fitting strategic move. In FY14 Node4 saw revenue increase from £13.4m to £14.9m, with the operating margin rising from 17% to 21%. With rapid growth on its mind and LDC’s backing, Node4 will no doubt be making further acquisitions before too long.