ENTREPRENEUR Nick Cohen, 24, has sold a stake in the business IT support firm he founded as a 13-year-old to Abica Telecoms Group.
Mr Cohen said the transaction puts his firm, PCR Business, on the "next step" of its journey as it looks to double turnover over the next 12 months.
The former Mearns Castle High School pupil did not disclose the terms of the deal, but said it concerns a "large minority" stake of the business, which started out with him fixing PCs in his bedroom.
Mr Cohen described the transaction as a "match made in heaven" and stressed that it lets his business retain its own identity while enjoying the benefits of being part of Abica, with which it shares many clients. "It's a very exciting time for us," he said.
PCR will look at how it can build on the services it offers, and aims to "saturate" the market in the west of Scotland, he also noted.
"Abica will support our further UK-wide expansion, which has been an ambition of mine for some time," he added.
Mr Cohen, a regional ambassador at Prince's Trust Youth Business Scotland and a Queen's Baton Relay bearer for the Glasgow 2014 Commonwealth Games, also emphasised his continued dedication to the business and its development.
Additionally, he pointed out that he is always interested in considering further opportunities, adding that the Abica deal provides "more bandwith to look at other projects".
Why are you making commenting on The Herald only available to subscribers?
It should have been a safe space for informed debate, somewhere for readers to discuss issues around the biggest stories of the day, but all too often the below the line comments on most websites have become bogged down by off-topic discussions and abuse.
heraldscotland.com is tackling this problem by allowing only subscribers to comment.
We are doing this to improve the experience for our loyal readers and we believe it will reduce the ability of trolls and troublemakers, who occasionally find their way onto our site, to abuse our journalists and readers. We also hope it will help the comments section fulfil its promise as a part of Scotland's conversation with itself.
We are lucky at The Herald. We are read by an informed, educated readership who can add their knowledge and insights to our stories.
That is invaluable.
We are making the subscriber-only change to support our valued readers, who tell us they don't want the site cluttered up with irrelevant comments, untruths and abuse.
In the past, the journalist’s job was to collect and distribute information to the audience. Technology means that readers can shape a discussion. We look forward to hearing from you on heraldscotland.com
Comments & Moderation
Readers’ comments: You are personally liable for the content of any comments you upload to this website, so please act responsibly. We do not pre-moderate or monitor readers’ comments appearing on our websites, but we do post-moderate in response to complaints we receive or otherwise when a potential problem comes to our attention. You can make a complaint by using the ‘report this post’ link . We may then apply our discretion under the user terms to amend or delete comments.
Post moderation is undertaken full-time 9am-6pm on weekdays, and on a part-time basis outwith those hours.
Read the rules hereComments are closed on this article