MML backed CSI Group acquires Data Protection Specialist Tectrade

CSI Group (www.csiltd.co.uk) has acquired Tectrade (www.tectrade.com), a leading provider of data protection solutions.

Tectrade protects, recovers, manages, stores and secures petabytes of data for organisations around the world. With decades of experience, certifications in enterprise-class technologies, and a proven track record across industries and continents, Tectrade ensures that data is always accessible and secure.

Like CSI, Tectrade helps its clients manage and secure mission-critical workloads and data within on-premise, hybrid and multi-cloud environments. This acquisition will further strengthen CSI’s cloud proposition, enabling it to provide its clients advanced data protection capabilities.

The Techtrade acquisition also takes the CSI Group into the USA, where there is a large addressable market for CSI’s solutions. This expansion into the US will be headed up by Alex Fagioli, CEO of Tectrade, who has joined the CSI Group following the acquisition. Alex Fagioli comments “I’m excited to be joining the CSI Group and for everyone in Tectrade to be part of a larger organisation with a clear and ambitious growth strategy,”.

Funding for the transaction was provided by CSI’s existing lender, funds managed by Permira Debt Managers.

CSI was advised by Pinsent Masons (legal, Ed Stead and Ben Elliott) and EY (financial and tax due diligence, Steven Kingham).

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