A screen shot of Network SI's managed hosting page
(WEB HOST INDUSTRY REVIEW) — IT security Enforce Technology (www.enforcetechnology.com) announced on Wednesday it has acquired the business assets of fallen managed and hosting services SME reseller Network SI (www.networksi.co.uk) in a pre-pack deal.
West Midlands-based Network SI was forced to sell its hosting and managed services unit after it encountered financial difficulties.
The company called on RSM Tenon (www.rsmtenon.com) to find potential buyers for the company.
Enforce posted this statement on its website: “Its business as usual, the seamless transfer enabled our customers to access all services without any interruption, and clients will continue to receive the high levels of support they have come to expect from Network Si.”
Enforce Technology technical director Mat Ogden confirmed the company had purchased the hosting and managed services businesses. The staff of 16 employees has already relocated to Enforce’s offices.
“We have tried to save as many jobs as we could as we have operated in the Oldbury area for 12 years,” said Ogden.
He said there were cross selling opportunities between the two firms in terms of technologies and customer bases.
Enforce Technology provides Web and email filtering, ID management, authentication and remote access, with offices in Birmingham, Singapore and Cairo.
According to financial records for the year leading up to March 31, 2010, Enforce Technology had a net worth of $25,355.
Meanwhile, RSM insolvency manager Clive Jackson said on Tuesday he was doubtful the company could find a buyer for the remaining elements units of Network SI, namely its small retail and support services business.
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