Redsquid Acquires Itek Systems Management. Venture Corporate Finance is pleased to announce the successful sale of Itek Systems Management, a highly respected IT managed services provider based in Fife, Scotland, to Redsquid, a leading and acquisitive technology solutions provider backed by Thincats.
This transaction represents another milestone for Venture Corporate Finance as we continue to support IT and technology businesses in achieving strong outcomes in a competitive market.
About Itek Systems Management
For over 20 years, Itek Systems Management has been a trusted partner for businesses across Scotland, providing expert IT support, cybersecurity, cloud services, and managed solutions. With a reputation for maintaining close client relationships and delivering industry-leading service levels, Itek has built a robust and loyal customer base.
One of Itek’s defining strengths is its high-quality recurring revenue model, with over 85% of its revenues recurring annually. This stability and reliability made the business a highly attractive acquisition opportunity for buyers seeking immediate value and long-term growth potential.
Acquisition by Redsquid
The acquisition by Redsquid forms a strategic part of the group’s plan to further expand its footprint across Scotland and the wider UK. Redsquid recognised the value of Itek’s experienced team and strong managed services capabilities, which complement their existing operations and enhance their offering to both new and existing clients.
Through this transaction, Redsquid not only strengthens its technical delivery capacity but also accelerates the development of a significant Scottish hub. The combined businesses will benefit from shared expertise, broader service offerings, and a wider geographical reach across both Scotland and England.
For Itek’s team and customers, the merger brings significant advantages. Itek’s Managing Director will remain in place to lead the business through its next growth phase, ensuring continuity for clients and maintaining the high service standards that Itek’s reputation is built on.
Why Choose Venture Corporate Finance?
At Venture Corporate Finance, we specialise in sell-side advisory for IT, Telecoms, and Technology businesses. We offer a client-first, transparent service model, with no retainers, no conflicts of interest, and no unnecessary barriers.
Our involvement in the sale of Itek Systems Management included:
- Preparing the business for market presentation
- Managing a targeted and confidential buyer process
- Leading negotiations to ensure a strong outcome for shareholders
- Supporting a seamless due diligence and legal process
Notably, this transaction was completed at record pace, moving from heads of terms to full completion in just five weeks, enabling the shareholders to secure favourable tax treatment ahead of upcoming BADR (Business Asset Disposal Relief) changes. This highlights the efficiency and precision Venture Corporate Finance brings to every deal.
Looking Ahead
The sale of Itek Systems Management marks another successful outcome for Venture Corporate Finance and further reinforces our position as the UK’s leading sell-side advisor in the IT and technology sector.
If you are considering selling your IT or Technology business, Venture Corporate Finance is here to help you achieve the outcome you deserve. Our expertise, market knowledge, and client-focused approach ensure that your business is positioned for maximum success.
Contact Venture Corporate Finance today to discuss how we can support your next move.
