HotViews Archive

Skip Navigation Links.
Collapse 2018 (36)2018 (36)
Collapse August (36)August (36)
*NEW RESEARCH* UK Public Sector SITS Supplier Rankings 2018
15 Aug 2018
Egress progress impresses
15 Aug 2018
BioBeats raises £2.4m in latest funding round
15 Aug 2018
All “ION’d-out” as Fidessa joins Dearly Departed
15 Aug 2018
Shaping Cloud shapes up with £1.4m funding round
14 Aug 2018
Sensyne Health raises £60m through IPO
14 Aug 2018
The changing shape of Fintech
14 Aug 2018
*NEW RESEARCH* Funding Trends & Patterns: UK AI/Machine Learning Startups
14 Aug 2018
Low code secures another useful contract for Netcall
14 Aug 2018
*New Research* Clanwilliam Group: Ambitious Plans in Healthcare
13 Aug 2018
Subscribe to UKHotViewsPremium & gain access to TMV's repository of 15,000+ UKHotViews & UKHotViewsExtra articles
13 Aug 2018
Speakers confirmed for TechMarketView Evening 2018 – Breaking the Boundaries
13 Aug 2018
Full series of Supplier Rankings reports OUT NOW!
13 Aug 2018
SenSat raises £3.3M to improve infrastructure decision making
13 Aug 2018
Dell and VMware align for next-gen network management
13 Aug 2018
Comparing fears over a Hard BREXIT with Y2K...
12 Aug 2018
OCSL acquired by Germany’s CANCOM
10 Aug 2018
Q2: some adjustments but Rimini Street has places to go
10 Aug 2018
Unmade made up with $4m investment
10 Aug 2018
NHS Digital publishes GP IT Futures notice
10 Aug 2018
Lyvly raises $4.6m to put roof over ‘Generation rent’
10 Aug 2018
European TMT M&A valuations steady in July
09 Aug 2018
TechMarketView Early Stage Partner Programme candidates speak out!
09 Aug 2018
UKHotViews Premium - An Individual Subscription
09 Aug 2018
Network with some of the top 200 leaders from the UK software and IT services sector
09 Aug 2018
NTT announces simplified structure
09 Aug 2018
Conduent's cost savings improve profits
09 Aug 2018
Castleton Technology: Managed Services win
09 Aug 2018
Zopa taps market for another £44m
09 Aug 2018
Alpha confident of growth
08 Aug 2018
DXC Q119: Mike Lawrie effect continues
08 Aug 2018
Allscripts extends its relationship with Kent NHS Trust
08 Aug 2018
Genpact growing transformation acorns into oak trees
08 Aug 2018
Full series of Supplier Rankings reports published!
08 Aug 2018
Musk to take Tesla private?
08 Aug 2018
Fujitsu invents solution to most intractable problem facing mankind
08 Aug 2018

UKHotViews©

 

Friday 10 August 2018

OCSL acquired by Germany’s CANCOM

ocslWest Sussex-based OCSL has been acquired by German IT player, CANCOM. CANCOM is headquartered in Munich and is listed on the Frankfurt Stock Exchange. Revenues are in the region of €1bn, versus c£70m for OCSL (last full year before the transaction).

CANCOM paid £29m total (£26m in cash, the remainder in shares). The intention is that OCSL – an established Microsoft and HPE solutions provider – will act as the “hub” for CANCOM’s future UK activities as part of its international expansion plan. For the past couple of years, former HP Enterprise Services Vice President, Martin Hess, has acted as OCSL's Chairman, having been brought in to help accelerate the company's services revenue.

The OCSL acquisition follows CANCOM's March purchase of unified comms and managed services provider, Ocean Intelligent Communications – rebranded as CANCOM Collaboration and Communication.

CANCOM and OCSL have a shared heritage in resale and both are transitioning to more cloud and hybrid-based services. Given that the OCSL business is set to become so strategically important to its new owner, it’s possible more resource and support will be given to the parts of the business focused on those key service and solution areas. And, while acquiring outside of Germany has been something of a strategic departure for CANCOM, it is of course possible that more bolt on purchases will be made to refine the UK offering.

Posted by Kate Hanaghan at '09:45' - Tagged: acquisition   cloud   resale  

Add a comment Add a comment Twitter   Facebook   LinkedIn   Email article link




© TechMarketView LLP 2007-2018: Unauthorised reproduction prohibited see full Terms and Conditions.