Onyx sold to Pulsant

Published: Tuesday, 14 June 2016 14:00

Livingbridge, has announced the sale of Onyx, an IT infrastructure services and business continuity provider, to Pulsant, one of the UK’s largest data centre providers. Amongst other things, Onyx provides workplace recovery and cloud security backup to some of the world’s biggest businesses.

Following Livingbridge’s original £16 million investment in 2011, Onyx now employs more than 170 people and has five data centres in Stockton, Edinburgh, Glasgow, Sheffield and Newcastle, as well as other business continuity sites and offices around the UK.

The acquisition of Onyx will add to Pulsant’s capabilities as a provider of hybrid IT services, particularly in the areas of applications management, remote and on-site managed services, workplace recovery and security. The deal will also enable the Group to expand its presence in the UK.

Livingbridge were advised by Martin Jenkins and Joel Greenwood, at Deloitte.

Commenting on the sale, Neil Stephenson, Onyx CEO said: “We have known Pulsant for many years and always felt that combining Onyx and Pulsant would provide a very strong UK-wide player. Both businesses have complementary capabilities and locations, and this acquisition enables the enlarged business to offer a stronger, broader range of services to our joint customers. We have enjoyed working with the Livingbridge team over the past five years and thank them for all of their help and support during this period in the Group’s development.”