London-based technology and managed services provider, Metaphor IT, announces it has acquired London based Virtual Workspaces.
Metaphor IT, established in 2015, made Virtual Workspaces it’s second acquisition in the past year, following the acquisition of Intellect Security in June 2015. Group CEO, Richard Callis, believes that Virtual Workspaces is a perfect fit for Metaphor IT, and will enable the group to offer its clients a unique set of services.
Since its inception Virtual Workspaces has accumulated an enviable client base, including several FTSE 100 businesses. It has done this by offering clients specialist consultancy and managed services in End User Computing technologies, including vendors such as Citrix, Microsoft and UniPrint. The combined portfolio from Virtual Workspaces and Intellect Security will enable the group to offer unparalleled expertise in delivering secure, mobile workspaces.
Metaphor IT anticipate that the group will now double its revenue within 12 months through organic growth and expects to make a further acquisition by the end of year.
Virtual Workspaces will continue to trade under its own brand, specialising in the virtualisation and Cloud space. This is in line with Metaphor IT’s vision to create an IT Solutions and Managed Services group with specialist skills in core IT services. Virtual Workspaces Founder, Mario Cirillo, takes up the position of Group CTO at Metaphor IT and its subsidiaries.
Richard Callis, CEO, Metaphor IT
“We are very pleased to announce our second acquisition of the past year. The group has performed very well since its inception, exceeding the aggressive growth targets we put in place. The acquisition of Virtual Workspaces, nine months after we acquired Intellect Security will complement our strong organic growth. Virtual Workspaces itself has been growing rapidly and has built a fantastic brand and reputation in the virtualization and cloud markets. We look at the market today and see cloud businesses talking about security and security business talking about cloud services. There is a gap in the market for a business that has specialist skills in both areas and can provide secure cloud and mobility solutions, that truly protect client’s data and reputations. With this acquisition we have two businesses with specialist skills in both areas meaning that we can offer our clients those types of solutions. Virtual Workspaces will maintain its brand, as it is well recognized in the industry and we want to operate the businesses as specialists in each of their markets. There are lots of other ‘we do it all’ providers, we don’t want to be one of those.”
Mario Cirillo, Founder, Virtual Workspaces:
“We are delighted to be joining forces with Metaphor IT and Intellect Security. When we first starting talking to the board at Metaphor we instantly knew it would be a great fit. It helps that we know the board very well having worked with them previously at Intercept IT but more importantly, we share the vision that Metaphor have of providing a group of specialist IT companies with expert skillsets in specific technologies. We are excited about the opportunities we can bring to Intellect Security’s clients and also how they can assist our clients with their security strategies.”
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