Dynamic Networks Group continues its expansion with the merger of Penntech IT Solutions.
Dynamic Networks Group continues its expansion with the merger of Penntech IT Solutions, a leading IT Managed Service Provider based in London. Penntech is Dynamic's second strategic acquisition and builds upon the overall technological expertise of the group.
Founded in 2016, Penntech has been at the forefront of delivering exceptional IT Managed Services to its growing customer base. Lewis Pennell, founder and MD of Penntech, will remain in the business with a focus on the technology capabilities of the wider Group.
Penntech's capabilities complement Dynamic's growth and further enhances the group's position as a leading IT MSP.
Gareth Leece, MD of Dynamic Networks commented:
"Penntech is a strong strategic fit with Dynamic, strengthening our suite of market-leading software and hardware solutions that help SMEs maximise their benefits from IT solutions. We are thrilled to have gained a London presence through this acquistion. We have enjoyed working with Lewis and the overall team in recent months and we look forward to growing alongside the very talented team at Penntech."
Lewis Pennell, Founder and Managing Director of Penntech, commented:
"After more than 9 years of running a successful IT business, it was the right time for me and the company to benefit from being part of a larger group, able to service a wider customer base with an extended portfolio of IT business solutions. We deliberated hard over the best suitor for integrating our company and Dynamic Networks were a logical fit for us with their focus on putting the customer first, their quality of service and similarly strong company values. There are exciting times ahead for our staff and customers and I very much look forward to working with the Dynamic team in the months and years ahead."
Other news & updates you might like...
Dynamic Networks Group Continues Its Expansion
Dynamic Networks Group continues its expansion with the acquisition of Peak Support Services Ltd, a Derbyshire based Cloud MSP.
Dynamic Networks completes a Management Buyout and commences its acquisition strategy
David Smith (CEO) and Gareth Leece (COO) have successfully completed an MBO of Dynamic Networks, working with Paul Landsman of Kingland Capital. The MBO provides for a simplification of the Board structure to allow for its continued accelerated growth strategy.
What Is An IT Ecosystem and Why Do You Need One?
Discover why IT ecosystems are key to business growth and how to build one that lasts.