Communicate Technology, a company specialising in IT, telecoms, and security, has received support from Rockpool to advance its buy-and-build strategy in the IT services sector after completing three acquisitions. The firm operates its own fibre network, a Network Operations Centre in Teesside, and a 24/7 Security Operations Centre in Leeds.
Founder Tony Snaith, along with the executive team, will be reinvesting alongside Rockpool, with Roger Flynn joining as Non-Executive Chairman following the investment. Snaith expressed, “This investment into Communicate is a clear next step for us to achieve our growth strategy. Working with Rockpool will open doors for us to expand our full-service offering to more businesses and multi-tenanted sites.”
Tom Coey, Investment Director at Rockpool, also commented on the development by saying, “This investment marks the first step on a buy-and-build journey. It is very rare that we back a business that has already sourced, completed and integrated three acquisitions to date.”
With this latest support from Rockpool, Communicate Technology looks forward to a new phase of expansion and development in the IT services sector. This investment will contribute to furthering the company’s growth strategy as it seeks to enhance its offering to businesses and multi-tenanted sites.
Additionally, the re-investment by the founder and the executive team demonstrates their commitment to the company’s vision and their confidence in its potential for success. The addition of Roger Flynn as Non-Executive Chairman will bring valuable expertise and guidance to the team, further strengthening the company’s leadership.
As Communicate Technology expands and diversifies its service portfolio, it will continue to play a significant role in delivering innovative and reliable IT, telecoms, and security solutions to its clients. This move not only signifies a significant milestone for the company but also reflects the positive outlook for the IT services sector as a whole.
The collaboration with Rockpool, renowned for its strategic investments and support for growth-oriented businesses, is poised to provide valuable opportunities for Communicate Technology to achieve its ambitious objectives. The backing of such a reputable partner reaffirms the company’s position and potential as a leader in the IT services sector.
As Communicate Technology continues to pursue its growth trajectory, this partnership with Rockpool underscores its dedication to delivering exceptional services and solutions to its clients. It is an exciting time for the company as it embarks on this new phase of growth, and the support from Rockpool will undoubtedly propel its expansion in the IT services sector.