Hamilton-headquartered Provista UK, which spacialises in networking and communications solutions, has been acquired by a Californian tech giant.
The firm’s sound financial model, paired with its status as the only independent Scottish based firm to hold Cisco Gold Partner status, helped attract the NASDAQ-listed PCM to acquire the business and instantly expand its UK footprint.
Provista has recently seen record revenues of £7.7m, following consistent and profitable organic growth throughout its 11 years in business.
Stuart Little, director with Provista UK, said: “Our success over the past 11 years has come because we’ve been able to offer a friendly, personable service, while being able to deliver using our expertise on large contracts typically associated with our large, often multinational, competitors.
“When PCM contacted us and shared their vision for the UK, it fit perfectly with our own ambitions to accelerate the growth of Provista in the UK – while maintaining our customer-focussed culture.
“After having built the business to achieve Cisco Gold Partner status, it is exciting to now be able to be part of PCM and take the business to the next level.
“We can now offer our solutions and services across the UK while complementing the other robust PCM offerings.”
Provista UK now has its sights set on future expansion, by leveraging its new parent company’s wider network - and is hopeful that it can further boost investment in marketing, business growth planning and operations.
The joint business will allow Provista to expand operations into PCM headquarters in Sheffield along with offices in Northampton and Liverpool, significantly boosting its UK footprint.
No jobs will be lost following the takeover and the board will remain in place to oversee further recruitment throughout the UK, including more jobs in Scotland to support the expansion.
Frank Khulusi, chairman and CEO of PCM, Inc, said: “The acquisition of Provista UK is yet another key milestone for our new UK segment that will further enhance our capabilities and strengthen our position as a value added solutions provider in the UK marketplace.
“I am pleased to welcome the team at Provista UK to the PCM family and look forward to continuing our growth and success in the UK market in the coming years.”
Donavan Hutchinson, managing director, UK & international for PCM UK, said: “I am extremely excited to advance the PCM UK portfolio and footprint with the addition of the respected team at Provista UK.
“With the combined investments that we have made organically, coupled with the acquisition of Provista UK and The Stack Group, we are positioned to accelerate our UK growth across all advanced solutions categories.
“I look forward to working with the Provista UK team as we jointly continue to take market share.”