IT company on growth path
Lumison has made its second acquisition this year.
The Edinburgh IT services firm has bought Reading based DediPower Managed Hosting for an undisclosed sum.
The deal will see 50 staff transfer to Lumison and mean the company's turnover will have gone from £6.4 million to £27.5 million in the past three years.
In October last year Bridgepoint Development Capital took a significant stake in Lumison.
The company then paid £22 million for Blue Square Date in March of this year.
Mark Howling, Lumison Group chief executive, said: "The addition of DediPower to the business is a strong strategic and cultural fit and will consolidate our position as a leading player in the IT managed services sector.
"The group will remain focused on providing practical, cost-effective solutions to customer business IT issues.
"Customers increasingly demand reliable IT infrastructure-as-a-service as the need for a scalable and flexible way of working grows; with DediPower's expertise, Lumison is even better placed to deliver this."