Case Study: Pervasive Networks Ltd
- Deal size:
- Company Sales
- Deal completed:
- May 2015
Meridian Corporate Finance (“Meridian”) advised the shareholders of Pervasive Networks Limited (“Pervasive”), an IT solutions provider specialising in the mobility and wireless networking services, on their sale to UK IT and professional services giant Capita Plc. From the signature of the Heads of Terms, the deal process lasted just over four weeks!
Pervasive, which consists of both Pervasive Networks (a large Aruba Networks channel partner) and Beovax Computer Services (an HP and VMware cloud technology specialist Pervasive bought in 2013), is an IT service provider catering mainly to higher education, local government and the health services sectors.
Darren Thompson, who led the deal said "This has been an extremely fast paced transaction, and the shareholders asked us specifically to close out the transaction for them, having previously been on the other side of the table to Meridian during their acquisition of Beovax Computer Solutions 18 months previously!“
The business will sit within Capita IT Enterprise Services as part of the Technology Solutions division