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Home / News / Insights / FPE Capital portfolio company Optimity acquires Pebble IT to strengthen and accelerate strong organic growth in IT and managed service product lines

FPE Capital portfolio company Optimity acquires Pebble IT to strengthen and accelerate strong organic growth in IT and managed service product lines

Portfolio Company News

3rd March 2020

FPE Capital LLP (‘FPE’), a growth focussed private equity investor in UK mid-market companies, announces that its portfolio company Optimity Limited, a leading London-based connectivity, IT, and managed services provider, has acquired Pebble IT Limited. The acquisition will help Optimity to accelerate strong organic growth in managed services and in the provision of smart, secure and intelligent IT solutions for campus and workplace environments.

Backed by FPE Capital in 2016, Optimity has transformed London’s high-speed connectivity market by providing a unique alternative to fibre connectivity and has since extended its product set into a full IT service for smart campus and workplace environments.

Pebble IT is an established managed IT services provider that offers end-to-end IT solutions for UK-based and global SME customers. Specialising in cloud, security & compliance, infrastructure, and consulting services, the company has grown revenues 94% over the last five years. Its key partners include Google, Microsoft, Cisco and Sophos. The merger will strengthen the services Optimity provides to existing customers and demonstrates the ambition of both companies to offer best in class, solutions, platforms and support services. David Osen, Managing Director of Pebble IT, will join the Optimity executive team as Chief Information Officer.

FPE Capital Managing Partner, David Barbour commented

“We are delighted that Optimity is bringing the high quality team and customer base of Pebble IT into the business. This will strengthen the already strong growth the business is seeing in provision of managed services to central London businesses.”

Discussing the deal, Optimity’s CEO, Leeland Pavey said:

“Optimity’s position in London is well established and the business has been hugely successful in providing alternative connectivity solutions, coupled with the ability to modernise campus and office IT infrastructure environments. With Pebble IT’s support we will be better positioned to deliver next generation, integrated IT technologies for our customers. Optimity has leading industry experience and a proven track record of investment in ‘backbone’ data service and infrastructure. By integrating the services both companies provide, we can offer our customers core infrastructure services right the way through to endpoint device management - with everything else in between!”

David Osen commented

“We are delighted to bring Pebble IT’s skills and product set to a wider London market through this combination with Optimity.“

Advisers to Optimity on the acquisition included RS Corporate Finance (financial and due diligence) and Stephenson Harwood (legal).