Livingbridge’s investee company FluidOne broadens its Connected Cloud offering for Enterprise with investment in Microsoft Gold Partner, Marathon

Livingbridge, one of the UK’s leading mid-market private equity investors, is pleased to announce that investee company FluidOne has acquired Marathon Information Technology Services Ltd (“Marathon”).

The transaction marks FluidOne’s fourth bolt-on during Livingbridge’s tenure. Founded in 2010, Marathon is a Microsoft Gold Partner for Cloud Services Management, specialising in cloud transformation, modern workplace, security and contact centre, to enhance its service offering to mid-market and enterprise customers.

Simon Hollingsworth, Partner at Livingbridge comments:

“The acquisition of Marathon represents a strategic opportunity for FluidOne to complete the IT element of its Connected Cloud Solutions offering, building on the previous acquisitions made by the business. The combined IT capability will enable the firm to offer a first-class service its entire customer base.”

The investment in Marathon follows the acquisition of SAS Global Communications in December 2021, a managed SD-WAN network provider with a focus on enterprise customers, and the acquisition of PSU Business Technology Limited (PSU) in October 2020, which included skills in IT Managed Services and Unified Communications, and the investment in Cyber Security Associates Ltd (CSA) in November 2020, a dedicated cyber security consultancy and managed services specialist. This has created a £68m revenue group with 310 staff serving more than 1,350 customers and resellers.

Commenting on the acquisition, FluidOne CEO, Russell Horton said:

“Through the investment process, we met key members of the Marathon team and referenced their top clients, and have been impressed with their expertise, values, and the outstanding level of service they deliver. Marathon’s strength lies in the design and transformation of enterprise clients’ IT estates into the cloud and the provision of a quality managed service from 1st line through to 3rd line.
Investing in Marathon allows us to complete the IT element of our Connected Cloud solutions portfolio, alongside our market-leading connectivity, mobile, UCaaS and cyber security. When combined with our IT capabilities from the acquisitions of PSU and SAS Global, we are now able to serve our entire customer base, including our largest multinational customers.”


For further information, please contact:

Livingbridge
Ghada Shawki
020 7506 5600 / ghada.shawki@livingbridge.com

Citigate Dewe Rogerson
Patrick Evans / Camilla Wyatt
07774 133934 / 07585 706829 / camilla.wyatt@citigatedewerogerson.com

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