Farleys’ corporate law specialists, led by partner Debbie King, have advised Core Technology Systems (Core), a leading MSP in the UK IT channel on their acquisition of Velocity IT, a renowned specialist in automation technology.

This acquisition is a significant step in Core’s strategy to drive growth and innovation, aligning with its objective to exceed its £15m revenue target in 2024, and to strengthen Core’s portfolio with broadened AI and automation capabilities.

Velocity IT is known for its expertise in business process automation (BPA) and robotic process automation (RPA), and more recently, artificial intelligence (AI). Velocity IT, led by CEO, Arno van Rooyen, has established a strong reputation through work with prestigious clients across a variety of sectors including healthcare, manufacturing, insurance, and local and regional government. With a dedicated team based in Milton Keynes and across the UK, Velocity IT has demonstrated a commitment to excellence and customer satisfaction.

“Velocity IT is a perfect fit for Core, not just in terms of technology and expertise, but also in culture and values,” said Conor Callanan, CEO of Core Technology Systems. “This acquisition is a growth story. It’s about bringing together two like-minded companies that share a vision for innovation and excellence. We are excited to welcome Arno and his team to the Core family, and to be able to expand our offering and value provided to our customers.”

Velocity IT’s leadership in automation will complement Core’s existing services, adding significant value to the company’s portfolio and offering new opportunities for innovation, particularly in AI and application development.

This acquisition also augments Core’s capabilities in Dynamics CRM, and brings additional and new skills in Power BI, AI, Power Apps and low/no code technologies, strengthening Core’s position in the market, and expanding its partner ecosystem.

Arno van Rooyen will remain a key stakeholder in the business, leading the Velocity IT team and ensuring continuity in service excellence. “Joining forces with Core represents an incredible opportunity for growth and expansion,” said Arno. “We are thrilled to become part of a company that shares our values as well as our passion for technology and innovation.”

This acquisition underscores Core’s commitment to growth and innovation, expanding service offerings, and enhancing capabilities to better serve their customers.

As Core and Velocity IT embark on this exciting new chapter, they look forward to delivering even greater value to their clients, employees, and stakeholders.

The corporate team at Farleys Solicitors advised Core on the acquisition of Velocity IT. Advice on financial aspects of the deal were provided by Thincats.

Farleys’ partner Debbie King commented,

This is the second acquisition we have assisted Core with, and I’m delighted they felt confident in our services to instruct us again to advise on the corporate aspect of the deal. This is another fantastic deal for Core and their portfolio is going from strength to strength. I wish them all the best with their ongoing plans and look forward to working with them again in the future.

If you’re looking for legal assistance in a business sale or acquisition, please get in touch with our experts on 0845 287 0939 or contact us by email.