Prism Corporate Broking is pleased to announce that its M&A advisors have facilitated the sale of IT support and managed services provider, Coretek Group, to award-winning MSP and IT consultancy, Cobweb.

Coretek, based near Southampton, has been providing IT support and services to businesses and education for 25 years. They have built a strong reputation for providing fast and friendly IT support, cloud solutions, IT consultancy and infrastructure services. Coretek are one of a few IT managed service providers to operate their own privately-owned and UK-based cloud platform.

Cobweb is a leader in delivering cloud solutions, IT consultancy and fully managed IT services to businesses across the UK. The acquisition of Coretek strengthens Cobweb’s capabilities, allowing it to offer an even broader range of solutions to customers of both businesses. Together they share a common mission to deliver effective IT systems that keep businesses productive and secure in any setting.

Prism Corporate Broking (Prism) is a specialist M&A advisory that has been helping owner-managers to buy and sell businesses for over 20 years. The Prism team focus on working with clients in the tech sector and are experts in IT services and B2B software. Prism initially performed a review for Coretek’s owners to identify aspects of the business that could be improved and later guided them throughout the whole of the sale process to successful completion.

Clare Satchwell, Managing Director at Cobweb, said “We are excited to welcome Coretek into the Cobweb family. This acquisition allows us to combine our strengths and provide an even higher level of service and wider product portfolio to our clients.”

Garry Miller, founder of Coretek, said “Prism provided exceptional guidance throughout our business sale process and ensured that our objectives were met seamlessly. We are delighted with the outcome. Cobweb is a great fit for Coretek and we are excited for the future of the business and our staff.”

Peter Watson, Managing Director of Prism, said “We’ve been working with Garry for a number of years and we’re delighted to have facilitated the successful sale of Coretek to Cobweb, a business that shares their same company ethos.”

Find out more about Prism and our M&A services here: www.prismcorporatebroking.com

Prism Corporate Broking
Established in 2003, Prism Corporate Broking is an award-winning corporate finance and business broker boutique that specialises in buying and selling technology businesses. We advise clients on every aspect of mergers and acquisitions from essential pre-sale advice or acquisition preparation through to successful deal completion.
www.prismcorporatebroking.com

Coretek Group
Coretek Group are an IT support and services organisation based near Southampton, UK.  Our extensive service offering includes IT Services for Business, IT Services for Education, Infrastructure and Cloud Services. We are proud to align 25 years of technical expertise garnered from providing exceptional IT support and services to some of the world’s biggest names with our pledge to building long-term, trusted relationships with our clients. Coretek are one of a select few IT managed service providers to operate our very own privately-owned and UK-based cloud platform. By providing our clients with effective IT systems, we have helped them reduce stress, increase efficiency and provide scalable foundations for growth.
https://coretek.co.uk

Cobweb
A modern Cloud Managed Service Provider, serving over 4,000 companies across the UK and UAE. We provide licencing, cloud solutions, cyber security, complementary software as well as managed IT and consultancy services to keep our customers’ businesses running seamlessly.
https://cobweb.com