CSI Group Acquires Data Protection Specialist Tectrade
- Cloud , M&A Deals
- 06.11.2019 12:23 pm
Managed Cloud and Security Enterprise Performance Partner, CSI Group, has today acquired Tectrade, a leading provider of data protection and risk management solutions. The acquisition will further strengthen CSI’s cloud services offering, enabling it to offer its clients advanced data protection capabilities, and allow the Group to expand into the USA.
Tectrade protects, recovers, manages, stores and secures petabytes of data for organisations around the world. With decades of experience, certifications in enterprise-class technologies, and a proven track record across industries and continents, Tectrade ensures that data is always available. Tectrade will enable CSI to further enhance the growth of its clients and respond to their changing data security and cloud needs.
Simon Payne, CEO of CSI Group, says, “Tectrade is a strong and strategic acquisition for us, providing additional depth of expertise in data protection which will deliver significant benefit to our clients. It also offers us the exciting prospect of expanding our services into the USA, which I’m delighted to announce Alex Fagioli, CEO of Tectrade will head up.
“CSI is committed to helping companies move their critical business applications and data to the cloud, and the investment we are making in Tectrade will extend our ability in this arena. The company has a strong cultural fit with us and its portfolio complements ours, which means together we will bring an even stronger offering to the market,” adds Payne.
“I’m excited to be joining the CSI Group and for everyone in Tectrade to be part of a larger organisation with a clear and ambitious growth strategy,” comments Alex Fagioli, CEO, Tectrade.
CSI and Tectrade share a common objective to help clients manage and secure mission-critical workloads and data within on-premise, hybrid and multi-cloud environments.
CSI was advised on this successful acquisition by EY and Pinsent Masons.