Oncore IT, a managed service and cloud platform provider, received a loan of undisclosed amount from OakNorth.
The company is using the proceeds for the acquisition of Fuse Technologies, a London based provider of unified communications tools.
Founded in 2004 and now led by Michael Croft, CEO, Oncore IT is a managed service and cloud platform provider, which specializes in the delivery of business critical systems and IT infrastructures from secure, resilient data centres in London and Amsterdam.
The company has an extensive track record, working with a wide range of customers in the legal, financial and professional services sectors.
The acquisition sees Oncore IT manage the support of Fuse Technologies’ 10,000 users that span a variety of industries, primarily financial services, construction and professional services. The acquisition follows Oncore IT themselves being acquired by US-headquartered managed service and cloud solution provider, Ergos, in 2016, and enables it to match the unified communications capability of Ergos in the US, in the UK.