Accumuli plc Completes 3rd Acquisition
19th April 2011
Zeus Capital are pleased to announce that they advised Accumuli plc on its acquisition of Boxing Orange.
Boxing Orange is a provider of specialist IT security solutions, leading security products and managed security services. It has worked with clients across a broad range of sectors including central and local government, gaming, insurance, financial services, retail, manufacturing and telecommunications.
The deal is worth up to £7.58 million and is Accumuli’s 3rd acquisition in 4 months, thus demonstrating management’s ability to execute its buy and build strategy.
In November 2010, Zeus Capital raised £5million through an institutional placing for Accumuli plc to help fund their buy and build strategy. Zeus Capital also acted as Nominated Adviser and Broker to Accumuli plc.