Halifax-based tech firm Vapour Cloud is on the acquisition trail as it targets 80% growth this year.
With a £10 million war chest at his disposal, CEO Tim Mercer is looking to strengthen Vapour Cloud with the acquisition of a traditional voice company, selling PBXs or mobile, and a Northern IT support firm with Microsoft partner status.
The former should have a large customer base that Vapour can transition from on-premise communications to a cloud offering, while the latter should have expertise in the public cloud, particularly Azure and AWS (Amazon Web Services), to complement Vapour’s existing private cloud offering.
Mercer said: “There are a number of well-established operators in this sector, but many are not cloud-first. Some are rising to the challenge and quickly adapting their offering to satisfy clients’ modern business needs, but cloud is an entirely different world. We hope that by acquiring two or more such companies, we can successfully build on the legacy the current owners will leave behind, whilst supplying their customers with the next generation products and services they’re looking for.”