MARCUS ALLCHURCH
Managing Partner
Acuity is pleased to announce that FPE, the software and data-focused lower mid-market investor, has successfully completed its sale of Optimity, a specialist IT managed service provider predominantly servicing London and the South of England, to Vorboss.
Vorboss is a London-based provider of fibre and connectivity, part of the Fern Trading Group backed by Octopus Investments. The terms of the transaction are not disclosed.
Optimity has been on a transformative journey since FPE’s investment, having started life as an internet connectivity provider in Central London, providing a wireless alternative to fibre for SMEs. Since investment, Optimity has evolved into an end-to-end IT managed services provider, with specialisms within Microsoft and cyber security, and across a range of customer sizes from SME to enterprise. This transformation has been driven by both organic and inorganic growth.
Connor Trendell, Director at FPE, said:
“Acuity had kept a close relationship with FPE and Optimity for a number of years, and we appointed them because of their presence across the IT Services and Connectivity markets. The team, led by Marcus and with Alex driving the day-to-day work throughout, prepared the business well and led a thoughtful process which resulted in the sale to Vorboss. I enjoyed working with them and was delighted with their support and commitment to delivering a successful outcome.”
Marcus Allchurch, Managing Partner at Acuity said:
“We have admired Optimity for many years and are delighted to have delivered this exit for FPE as well as a great outcome for the company. Vorboss is an incredibly exciting new owner for Optimity and the combination has huge potential for all parties. I am excited to see how these businesses both accelerate their growth as they work together delivering full-fibre connectivity and IT managed services. This transaction once again underscores Acuity’s position as the leading advisor to mid-market businesses within the Telecoms, Cloud & Managed Services market.”
“Acuity had kept a close relationship with FPE and Optimity for a number of years, and we appointed them because of their presence across the IT Services and Connectivity markets. The team, led by Marcus and with Alex driving the day-to-day work throughout, prepared the business well and led a thoughtful process which resulted in the sale to Vorboss. I enjoyed working with them and was delighted with their support and commitment to delivering a successful outcome.”
CONNOR TRENDELL | Director
FPE
