Tech sector consolidator Kick ICT has acquired C2 Software of Dundee, a specialist offering Microsoft Dynamics-related products and services to customers throughout the UK.
The deal in the ninth in eight years for Kick, which was set up in Glasgow in 2015 and is led by chief executive Tom O'Hara.
Kick now employs 170 people and expects numbers to increase further following the next intake of the Kick Academy, an initiative aimed at recruiting and developing school leavers and graduates. The group's annual turnover is expected to surpass £30 million, with recurring revenues of £20.5m and earnings in excess of £4m.
READ MORE: Kick snaps up a further Scottish tech firm as expansion rolls on
Founded by Finlay Carmichael, C2 Software has been in business for more than 25 years.
“We are delighted to be joining Tom, Alan, Jeannie, Andy and the team at Kick and are looking forward to delivering innovative Microsoft Dynamics solutions to customers across the group," Mr Carmichael said.
The deal has been completed for an undisclosed sum and will pave the way for Kick to grow and enhance its Dynamics division with more product options, services, and support for both small and large enterprises as it seeks to become one of the UK's leading IT service providers.
“Over the past year, Kick has seen tremendous growth, successfully integrating our 2021 and 2022 acquisitions," Mr O'Hara said.
READ MORE: Tech boss O'Hara's buying spree has Kick to transform IT sector
"With C2 joining us, our Dynamics team is now stronger than ever and I'm looking forward to collaborating with Finlay, Kirk, and the wider team. We’d also like to extend a warm welcome to our new customers from C2.”
In 2021 Kick received an £8.7m investment from BGF, the UK and Ireland’s most active investor, with the aim of boosting Kick’s upward trajectory through a mix of organic growth and acquisitions. Along with the investment, Geoff Neville was appointed chairman following an introduction via the BGF Talent Network, which is the UK’s largest pool of non-executive directors.
Prior to setting up Kick, Mr O’Hara spent 10 years building up the Scottish arm of Technology Services Group (TSG), the software company established by Sage co-founder Graham Wylie, into a £10m turnover operation.
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 here