Xicon Cloud
RPL Mergers advises Xicon Cloud on it’s sale to Beech Tree-backed BCN Group.
RPL Mergers has advised the shareholders of Xicon Cloud in their sale to BCN Group, the Manchester-based managed IT, cloud and digital transformation specialist, has acquired Xicon Cloud for an undisclosed sum.
The acquisition allows BCN Group to strengthen its best-in-class capabilities in managing and supporting business-critical applications in secure private cloud environments.
Warrington-based Xicon Cloud brings strong expertise and experience in public sector healthcare, being accredited to connect into and use the NHS’ Health and Social Care Network (HSCN), which complements BCN Group’s existing G-Cloud offering.
The acquisition allows BCN Group to strengthen its best-in-class capabilities in managing and supporting business-critical applications in secure private cloud environments.
The NHS HSCN provides reliable, efficient and flexible ways for health and care organisations to exchange electronic information.
Xicon Cloud was established in 1991 and has built a formidable reputation for delivering highly resilient and high performing cloud platforms for business and mission critical applications. Its accreditations to ISO 27001:2013, Cyber Essential Plus, and Information Governance demonstrates its high level commitment to customer data security.
The company has enjoyed strong organic growth in recent years and the acquisition will further boost BCN Group’s annuity contract revenue and margin.
The acquisition is the third in the past 18 months for BCN Group, which acquired Leeds-based Blue Logic in 2019 and Runcorn-based Polymorph in February 2020.
Simon Kelf, CEO of BCN Group, said:
“The acquisition of Xicon Cloud significantly strengthens our cloud product and service offering and provides a tremendous opportunity for BCN Group to further cement itself as a leading provider of cloud solutions.”“In addition, I have been very impressed by the skills and talents of the Xicon Cloud team, who will be a great addition to BCN Group. I am incredibly excited about the growth potential this acquisition has created and how it will allow us to extend the range of solutions we can offer our customers.”
Simon Heyes, CEO of Xicon Cloud said:
“This exciting opportunity will allow both organisations and our customers to benefit from the joint capabilities of a larger team and wider product portfolios.”
“I have been extremely impressed with the experience and aspirations of the entire BCN Group management team and the synergies between our organisations. We are looking forward to continuing to provide a great service to our customers both old and new.”
Marc Shaw of RPL Mergers added:
“We were pleased to be able to bring Xicon to market. There was a lot of interest in the business but Sue and Simon recognised BCN was a natural fit for them.