Following MML’s investment in January 2020, Arrow is rapidly evolving its IT offering and the fast growing Altinet business provides an ideal first acquisition in the next phase of Arrow’s growth.
Altinet’s founders Daniel Bailey and Henry Doyle commented
“We have been considering the best way to maximise the potential of our business and in Arrow we have found a great home for Altinet. As a cyber security specialist, we are excited to be joining the Arrow family and see this as the natural next step for the continued growth of the business.”
Commenting on the acquisition, CEO of Arrow, Richard Burke said:
“With its strong cultural alignment to Arrow, expertise in cyber security and impressive sales oriented approach, Altinet represents the perfect first acquisition following the investment in Arrow by MML. I am excited by the possibility of offering the broader product portfolio into the combined customer base and extending Arrow’s IT capability. I’m sure Dan, Henry and all the Altinet team will continue to thrive with the additional support of the wider Arrow business and I look forward to welcoming them all to the team.”
Arrow was advised by Kemp Little (Deborah Angel) and RSM (Rob McCarthy and Laura Bollen).
The transaction was supported by CVC Credit Partners.