LDC's Trustmarque buys Nimbus

Trustmarque acquired Nimbus for an undisclosed sum. The acquisition will give Trustmarque a greater breadth and depth of expertise in cloud computing service delivery, as well as an expanded portfolio of services.

The deal is the first of a number of potential bolt-ons for Trustmarque as it looks to extend the range of software services it offers to customers.

Previous Funding
LDC backed the £30m management buyout of Trustmarque in 2006, with £10m of equity. Since then, it has supported the business in its growth, and says the acquisition of Nimbus is a major step towards consolidating the market.

Company
York-based Nimbus Technology Systems provides planning, consultancy and migration services for business customers. It also offers a range of cloud computing and software-as-a-services products to SME organisations.

People
Steve Harrison, investment director for LDC Yorkshire, handled the deal

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• Topics
• UK / Ireland
• Support services
• Expansion
• LDC