Communications and IT services firm Colt has acquired ThinkGrid, a cloud computing services platform provider, in a move designed to strengthen its portfolio aimed at the SME sector of the market.
ThinkGrid's technology includes a number of cloud-based IT services including hosted virtual desktops, email and application delivery, with the firm largely focused on providing these as turnkey platforms with which partners in the reseller and IT services channel can support their own SME customers.
Colt said that the acquisition strengthens its position in cloud services, as well as bringing on board about 200 extra reseller partners in the UK.
"The SME market for managed services is set to grow at 15 percent annually during the coming years," explained Colt executive vice president François Eloy.
"The acquisition of ThinkGrid further strengthens our position with the addition of a complementary range of cloud-based services."
While Colt's channel partners are set to benefit from ThinkGrid technologies such as auto-provisioning and flexible billing, end users of ThinkGrid's services will also benefit from the backing of a larger company with access to greater resources and a pan-European presence.
"ThinkGrid will gain access to Colt's 20 state-of-the-art datacentre facilities, extended research and development, and support resources as well as an opportunity to expand into 22 European countries," said ThinkGrid chief executive Rob Lovell.
No financial details of the deal were disclosed, despite V3's request for information.
Daniel Robinson is technology editor at V3, and has been working as a technology journalist for over two decades. Dan has served on a number of publications including PC Direct and enterprise news publication IT Week. Areas of coverage include desktops, laptops, smartphones, enterprise mobility, storage, networks, servers, microprocessors, virtualisation and cloud computing.