TECHNEDs handles high-level structuring in strategic merger of IT services business, ITSB, and audio-visual specialist, Quad Vision; both companies being within the TECHNEDs portfolio.
TECHNEDs completed the strategic merger of IT services business, ITSB, and audio-visual specialist, Quad Vision, just ahead of the UK’s second national lockdown, after formal proceedings began in March.
The UK-based technology investment firm provided expert coaching and guidance to the businesses to help them successfully navigate the change and handled the high-level structuring of the merger.
This unification sees Quad Vision become an arm of ITSB, with Lee Dredge as CEO of both organisations and Quad Vision’s Managing Director, Sanjay Saini, becoming CTO. However, the two businesses will retain their own brands.
Following TECHNEDs consultation on this merger, Founder and CEO of the organisation, Simon Mewett, remains Chairman of both companies, with Iain McKenzie serving as Non-Executive Director.
Simon Mewett, Founder and Managing Partner of TECHNEDs, said: “By strategically merging their capabilities, people, products and expertise, these businesses can deliver all forms of up-to-date communication to their clients in a time when their dependency on this kind of technology is increasing.”
Having worked in partnership for some time, this merger strengthens the capability of both ITSB and Quad Vision to boost their services, product portfolio, technical expertise, and specifically their dedicated video conferencing room capabilities. Services that have been in even higher demand since the start of the COVID-19 pandemic.
By joining forces, they can expand their remote and hybrid working systems for their clients using the Microsoft network, utilising services like video conferencing and Microsoft Teams.
Lee Dredge, CEO of ITSB, said: “Since the first national lockdown we experienced a significant increase in demand for our services, predominately implementing technologies like Microsoft 365™ and Microsoft Teams™ which allow for productive remote working.
Despite the current climate both ITSB and Quad Vision are on target for 30% growth this financial year, demonstrating that businesses are seeing the importance of investing in technology to support them through challenging times.”
Sanjay Saini, Managing Director of Quad Vision, said: “We are delighted to be joining forces with ITSB and look forward to collaborating on many projects. This merger enables us to propel the growth of all services and continue to provide high-end and large installs to clients, as well as specialist bespoke solutions. We anticipate this move will benefit our businesses in terms of growth, strength in numbers and the ability to complement each other’s products much more closely. This is a decision born from aligned synergies and not necessity, together propelling our businesses to the next level.”
This merger is one of two in recent months for the UK-based investment firm. The other saw global specialist network provider, 01T, merge with UK-based internet services provider, Connected Enterprise Limited (CXS). Find out more about this merger.