UK mid-market managed services remains a hotbed of activity, witness the just announced August Equity-backed MBO of SecureData Europe from its South African parent. Headquartered in Kent, SecureData Europe runs the full gamut of security-related IT services, and so joins an expanding band of players such as Accumuli, which also has set its heart on becoming ’the UK’s leading managed IT security services provider’(see Accumili 'Edges' towards its SIEM goals).
There’s scant detail on the SecureData deal – only that revenue run rate is some £20m, and that there’s more M&A to come, with the aim of pushing revenues to £50m. August has installed ex-Compel CEO Neville Davis as Chairman.
Well, there can only be one ‘leader’ but it all depends on how you want to scope the remit. Mid-market managed services is highly fragmented and will frankly remain fragmented, so in some respects, everyone will be able to claim leadership in some shape or form (or am I being too cynical?).