Forward support Timico on the acquisition of Arcus

Forward is delighted to continue its relationship with Horizon backed, Timico, supporting the management team on the acquisition of Arcus Cloud Services (“ACS”).

Cambridge based ACS, a cloud native organisation, has been an established AWS partner since 2011 with particular focus on public sector organisations. The acquisition adds to Timico’s growing cloud capability and its continued investment into the UK public sector market – complementing Timico’s recent appointment to the G-Cloud 12 Framework.

Previously part of the wider Arcus Global business, ACS will build on its client propositions and services across cloud migrations, cloud contact centres and desktop-as-a-service offerings. ACS will further enable Timico’s digital and cloud-based transformation services by providing advice, design, implementation, and managed services across the AWS platform.

The multi-million-pound investment will bring new opportunities for both Timico and ACS customers through a broadening of digital services, delivering long-term strategic partnerships across a growing corporate, public sector and enterprise customer base, with traditional SMB and telephony customers now representing less than 10 per cent of total revenues.

Forward provided financial support to the Timico team during the transaction, building an integrated acquisition model for ACS as part of the wider Timico group.

Commenting on the transaction Victoria Marcer, Timico M&A Director said: “Forward know the Timico business well, and helped us to pull together the financial information we needed for funding purposes, quickly and efficiently.”

Forward Corporate Finance Director, Sarah Moores, commented, “Another great acquisition for the Timico team. We are delighted to be able to continue supporting them as they grow.”