Talon bulks up IT offering with Roxxap deal
Technology entrepreneur Tom O’Hara’s company Talon Business Solutions has acquired Bonnyrigg-based software firm Roxxap.
The acquisition, for an undisclosed sum, will add more than £500,000 in turnover, and establishes the enlarged business among the providers of Microsoft solutions.
The deal sees managing director Mark Higgins and his team join Talon, which focuses on providing accounting and ERP solutions, CRM, Sharepoint, Office 365, cloud and network infrastructure services.
Since Talon was acquired, the business has doubled in size with turnover rising to £1.2m, and demand for consultancy services has grown by two-thirds.
The acquisition of Roxxap will take turnover past £2m and will see staffing grow to around 40 by the end of 2017.
Talon has also expanded its bespoke software service which is developed in-house under the ‘On Dynamics’ brand, creating software for different industry sectors such as food and drink, retailing, manufacturing, logistics and branch cash management.
Mr O’Hara, chief executive, who created Kick ICT Group as an IT acquisition and development vehicle, said: “The acquisition of Roxxap is an exciting development for the Group, and we are delighted to welcome Mark and his colleagues to Talon.
“Their expertise and client base will help us strengthen our position as one of Scotland’s leading Dynamics NAV Resellers, and as a single source for the Microsoft Business Applications Suite of products, infrastructure and support.”
He added: “Talon has grown quickly since we acquired the business, and we have secured a diverse, dynamic and interesting range of clients across many sectors.
“The business is performing strongly and 50% of our income is now recurring, which is key as it allows us to plan for the long term.
“We remain in the market for acquisitions or mergers, and are particularly interested in entrepreneurial firms that are at the leading edge of a specialist niche, or talented individuals that want to join a fast-growing Scottish IT business. We are currently in discussions with a couple of interesting acquisition prospects, which is encouraging.”
Kick ICT Group is jointly owned by Tom O’Hara, Alan Turnbull and David Chazan, the founder of Talon Business Solutions, with Talon a subsidiary of Kick ICT Group. Talon is based in Finnieston Business Park, Glasgow.
Mr Higgins recently launched an app designed for customers to ensure tips reached waiting staff in restaurants.
> Scotland’s largest independent timber merchant, MGM Timber, has acquired Hamilton based Robert Reid & Sons, with ambitious plans to grow turnover of the business by at least 50% in the next two years.
The addition to the MGM Timber line-up, which has operated for 69 years, will enable MGM Timber to better service customers in the surrounding area in addition to its existing branches in Glasgow, Wishaw and Ayrshire.
MGM remains on the hunt for premises in Edinburgh and Aberdeen.
Over the last 25 years, the business has grown to employ 160 members of staff across 12 sites and had a turnover of £41.68million in 2016, a 14% rise from 2012.
Robert Reid & Sons Ltd will continue to trade under its existing name. All existing staff will be retained.