CMI creates IT strategies, manages IT systems and supports the IT departments of over 500 organisations across the UK’s private and third sectors. CMI is considered one of the UK’s leading IT managed service providers (MSPs) and has made several acquisitions in recent years.
How has Panoramic helped?
Panoramic’s investment enabled CMI to acquire London-Based IT services specialist BTA Limited. The acquisition doubles the size of CMI and improves access to the lucrative London IT services market. Panoramic’s investment also allowed the equity release of early non-executive investors into CMI.
Ken Roulston, Managing Director of CMI:
“The acquisition of BTA will create an even stronger IT service provider of significant scale and we are very excited by its prospects. We looked at a range of funding options and felt that Panoramic would be the best fit operationally, culturally and in transaction structure at this stage of our business’s development. We look forward to working with Panoramic as CMI continues to grow”.