Nordic technology services firm Advania, backed by Goldman Sachs Asset Management, acquired UK-based Content+Cloud in December.
In December, private equity (PE) house Livingbridge sold Southern Communications to the management team with Ares providing the funding for a debt-led buyout.
The deal enables Advania to expand into the UK. It also recognises the attractiveness of IT service providers that can capture the growing amount of SME customers that are turning to Microsoft-centric solutions for digital growth.
The deal demonstrates the continued appeal of recurring revenues and strong cash flow conversion in unified communications, and the scale of the buy-and-build opportunity in UK B2B communications.