Reseller SCC buys a slice of Fluidata
Make way, we’re heading for the infrastructure space
IT re-seller SCC has taken an undisclosed stake in London-based data connectivity outfit Fluidata, so as to further muscle into the infrastructure space.
James Rigby, chief executive of SCC, said the investment will give the company access to the data telecoms market. "Fluidata positions SCC at the forefront of data centre service," he said.
The investment follows its £12m acquisition of SSE Telecoms’ Hampshire data centre last year.
"The move forms part of SCC’s strategy to build its data centre services business, with this additional capability meaning the firm can now directly provide connectivity between data centres," said Kate Hanaghan, analyst at TechMarketView.
She added: "SCC is now edging closer to becoming a Top 20 player in the UK infrastructure services market."
According to its Companies House filing, Fluidata reported revenue growth of 40 per cent to £14.27m for the financial year 2013/14. Profit before tax doubled to £1.1m.
SCC's UK revenue fell £100m to £304m, according to its half-year results in November. However, UK services revenue rose 11 per cent to £69m.
For its full year 2013/14, the UK contributed 46 per cent of the company's group European revenue of €2bn (£1.7bn).
Last month SCC won a two-year hosting deal for the Department for Work and Pensions' (DWP) troubled universal credit programme for a sum worth "over six figures".
In February 2014 the company also acquired managed print services firm M2 Digital.®