Orbis Advise On The Sale Of It Specialist Point To Point To HCL Technologies
IT virtualisation specialist Point to Point has been sold to HCL Technologies, the cross-border transaction was led by Shah Zaki and Simon Lloydbottom from corporate finance advisers Orbis.
Orbis is the UK member of Clairfield International, a worldwide partnership providing cross-border mergers and acquisitions advisory. Clairfield completed 20 technology transactions during 2015 reflecting their expertise in the sector.
Founded in 1993, Point to Point provides complex workplace engineering services with extensive experience in desktop and application virtualisation. Point to Point maintains an impressive collection of enterprise clients, including St James Place, National Air Traffic Services, Premier Foods and Tarmac.
HCL Technologies solutions cover a wide range of services including infrastructure management, application development, business process outsourcing and technology distribution. The global group generates annual revenues of over US$ 6.1 billion with more than 100,000 employees operating across 32 countries.
Having worked so hard to build the business we thought long and hard about whom we trusted to sell Point to Point, we ultimately selected Orbis due to their sector expertise, access to overseas buyers and personable approach. Orbis have consistently been one step ahead throughout the transaction, I couldn’t be happier with the final outcome which will see our business offering taken to a global client base.
Sandra Palmer, Co-founder and Managing Director
We have worked closely with the shareholders to prepare the business for an exit and identify strategic buyers which could maximise Point to Point’s specialist virtualisation knowledge. Point to Point represents a strategic acquisition for HCL, enabling them to develop the business on a global basis.
More and more organisations are transitioning to the cloud in order to better support end–users and offer flexible working conditions, the acquisition of Point to Point will further help us maximise our ability to fully deliver those 21st-century virtual workplace environments.
