StockMarketWire.com - Isle of Man communications company Manx Telecom said it had agreed to acquire Synapse Consulting, for an undisclosed sum.

Synapse 360 specialised in providing business-to-business managed services in the UK and the Isle of Man, with a focus on virtual IT infrastructure solutions and cloud-based services.

The four existing Synapse 360 directors, including managing director Colin Sheard would continue to lead the business.

'Synapse 360 is an excellent fit with Manx Telecom,' chief executive Gary Lamb said.

'We have long viewed managed services as a potential growth area for the business and Colin and his team's success over the last 20 years have reinforced us in this view, and confirmed us in the intention to make this attractive bolt-on acquisition.'




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