Connected cloud solutions provider FluidOne has recently acquired Surrey-based IT managed service provider project five in line with its strategy to invest in regional IT MSPs and create a branch network of expertly delivered localised services for its SME customers.
Based in Camberley, project five provides outsourced IT services to small and medium-sized businesses across Surrey, Berkshire and Hampshire.
The acquisition of project five, together with that of Highlander Computing Solutions in January 2023, has created a £30m revenue Business IT Centre of Excellence (CoE) within the wider FluidOne organisation, with 930 customers, 134 employees and four branch offices.
Horton
Post-acquisition, FluidOne CEO Russell Horton is to become Chairman of project five, with FluidOne Directors Brendan Lynch, Chris Rogers and Roy Hastings becoming board directors. Project five Founder Steve Coburn is to be consultant to the board.
Established in 2006, FluidOne has its own national fibre network, Platform One, and is also a provider of cloud solutions, including connectivity, SD-WAN, cyber security, IT managed services, mobile, IoT, UCaaS and CCaaS. It has 2,200 customers, including 200 channel resellers, and an annual turnover of £97 million.
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