Cloud Direct acquires London IT services consultancy EZIS
UK-based cloud solutions provider Cloud Direct has acquired London IT services group EZIS for an undisclosed sum.
Founded in 2002 by Ben Campbell and Xerxes Zoppos, EZIS has evolved into a multi-vendor systems integrator, managed services and hosted cloud provider, serving a diverse customer base from trade unions and housing associations to food suppliers and retail chains.
Headquartered in Bath, Cloud Direct is a £20m turnover cloud solutions provider with ambitious growth plans to double in size every five years, and EZIS represents its fifth acquisition since 2015.
Cloud Direct Founder and CEO Brett Raynes says: “EZIS is a great addition to the growing Cloud Direct family. This acquisition once again shows how we’re continuing to invest in cloud services that help small to midsize organisations become more competitive, productive and agile.”
EZIS founder and Business Development Director Ben Campbell added: “After 13 years growing EZIS, we are excited about the opportunities for our business that the sale to Cloud Direct brings. Our customers will benefit from our combined expertise and improved buying power, while our staff have the career security of being part of a larger group.”
Cloud Direct has previously acquired iHotdesk (2015), Datel Business Systems (2015), Redblade (2016) and AOG Group (2017).
The price and terms of the EZIS acquisition remains undisclosed. EZIS was advised by BCMS with legal support from Continuum.
BCMS Lead Advisor Nick Lankester commented: “With strong recurring revenue, a diverse customer base, and multi-vendor partnerships, we knew EZIS would be a desirable acquisition in today’s market. Cloud Direct is a seasoned acquirer and a perfect fit, and we are pleased to have played our part in securing a successful result for everyone involved.”