Rigby Group, the parent of Midlands-based tech dynasty SCC, has acquired a minority stake in hosted voice and unified comms-as-a-service outfit SIPCOM.
SCC chief James Rigby previously told us in March that customers are shifting from legacy PBXs to a hosted service, and that he intended to buy his way into the market to fill a gap in its portfolio.
The deal fits in with SCC’s strategy to host more services from its three data centres - two in Birmingham and one in Fareham - that provide more than 1,800 racks and 14Mv of power, 67 per cent of which are occupied.
London-based SIPCOM sells mobile cloud services, connectivity “solutions”, workspace productivity services and system integration. It works with Microsoft, Oracle and Broadsoft.
The firm sells hosted voice in 65 countries across EMEA and North America, to commercial and public sector clients, and supplies a number of Microsoft Technology Centres with unified comms-as-a-service in over 32 countries.
The latest investment follows the majority stake that SCC acquired in data connectivity biz Fluidata some seven months ago, and the £12m slurp of SSE Telecom’s Fareham-based bit barn last year.
Data centre services was a £26m business for SCC in fiscal ’15 ended 31 March following wins with the Department for Work and Pension and WHSmith. The unit’s aim is to turn over £40m in the current financial year.
SIPCOM reported turnover of £3.72m in the year ended 31 March 2014, down from £3.78m, but a a drop in admin charges and interest payments pushed up operating profit to £838k from £394k. Net profit after tax was £570k. Investment from SCC is expected to beef up those numbers.
The size of stake was not revealed but SCC confirmed it had taken a minority shareholding for an undisclosed sum.
SIPCOM's latest fiscal '15 results are due out imminently. ®