QBS Technology Group has acquired 4SEC Group Limited and the related companies Alpha Generation Distribution Limited and 4SERV Limited (together “AlphaGen”) – a specialist value-added distributor of security software.
AlphaGen has offices in Retford and Basingstoke, employing 36 personnel. It generated sales of £9.6 million for the twelve months ended 31 March 2019 and delivers products from a leading range of vendors including Thycotic, Corero, Snow Software, Hitachi and Stormshield, to over 300 value-added resellers, cloud service providers and systems integrators.
The acquisition will strengthen QBS’ enterprise portfolio and enhance its services capability in the cybersecurity market. Customers of AlphaGen will benefit from exposure to a wider range of products distributed through the QBS platform. AlphaGen will continue to operate as a standalone business with both entities capitalising on the benefits of the acquisition.
“Alpha Gen has enjoyed considerable success in providing value-added services and bespoke solutions in a number of vertical markets for its customers and has a well-earned reputation as a cybersecurity specialist,” commented Dave Stevinson, Group CEO of QBS.
“The acquisition has obvious benefits for both companies, enhancing QBS’ expertise and solutions in the cybersecurity market, complementary to our existing software businesses, and providing AlphaGen customers and vendors with a platform for growth within a highly focused software delivery platform. In addition, the 4SERV deal is our second acquisition of a highly focussed MSP software delivery platform – we expect to deliver significant synergies and this augments QBS’ presence in the MSP software delivery channel.”
Grahame Smee, managing director at AlphaGen, added: “We see immense synergies and opportunities for our customers, vendors and employees in joining the QBS group. By leveraging the complementary strengths of each company we can only add further value to what is a compelling proposition for all our stakeholders. We look forward to working with the QBS management teams and building on the success of both companies.”
QBS has acquired 100% of the issued share capital of the three connected AlphaGen companies for an undisclosed sum. As part of the acquisition, Grahame Smee will join QBS Group as CRO.
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