CSI Group (www.csiltd.co.uk) has acquired 100% of the shareholding of Niu Solutions (www.niu-solutions.com), a leading provider of agile, flexible and secure cloud solutions to regulated industries.
Specialising in the financial services market, and with a historical focus on the retail sector, Niu Solutions works with established businesses going on the journey to the cloud as well as high velocity start-ups born on the cloud. Their strong portfolio of managed cloud services has enabled them to support the growth of their clients and respond to their changing needs.
Like CSI, Niu Solutions is a leading Cloud Services Provider and has developed a deep portfolio of cloud infrastructure solutions based on the Microsoft Azure and IBM Cloud platform.
The acquisition will further strengthen CSI’s position as a leader in the Cloud Services Provider market. Niu Solutions is the latest acquisition by CSI of an IBM Business Partner and will ensure that the strategic partnership between CSI and IBM in the UK continues to grow.
“CSI is committed to helping our clients as they move their critical business applications to the cloud and the investment we are making in Niu Solutions will extend our ability to deliver this to even more clients” said CSI CEO Simon Payne before adding “the team’s deep expertise in regulated industries will add to the skills and expertise already in CSI today”.
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, Richard Harding and Steven Kingham).