UK-based IT services provider Celerity has acquired cyber firm Silverstring.
Founded in 2002, Celerity focuses on cybersecurity and hybrid cloud systems. The acquisition brings Silverstring’s expertise in data protection and cyber recovery assurance to the Celerity family.
The agreement also cements a long-term relationship between Celerity and Predatar, the developer of the recovery assurance technology platform. As part of the deal, Celerity will become a preferred Predatar Apex partner for the UK market. Predatar Ltd will become a separate entity under the continued leadership of Silverstring founder and former CEO, Alistair Mackenzie. This will enable Predatar to “accelerate innovation and growth” in its market, said the companies.
Mackenzie said: “Together, we are creating a cyber resiliency powerhouse with the skills, expertise and technology to close the gap that currently exists between cyber security and data storage infrastructure.”
In 2021, Celerity attracted a £15m investment from private equity firm BGF. The Silverstring deal follows Celerity’s acquisition of Chilli IT in May 2024. The latest acquisition takes the combined business turnover to over £50m, and a team of 94.
Celerity CEO Craig Aston said: “Silverstring is an important acquisition for us as we’re aiming to boost our capabilities in cyber-secure data protection. Our customers look to us to realise their data’s potential and protect them in an ever-changing environment. We’re looking forward to bringing additional expertise and technology so we can continue to provide genuinely market-leading expertise and underpin our growth strategy.”
Harry Jones, partner at BGF, added: “Celerity has demonstrated impressive growth since our investment and this deal represents an important milestone for the business, adding both depth and expertise to the company’s proposition. Moving forward we’ll continue to look for complementary acquisitions that will drive more innovation and value for both clients and partners.”
