A leading Midlands law firm has helped to complete the sale of a Staffordshire-based IT services provider to a cloud-led digital transformation managed service provider.
Wright Hassall, based in Leamington Spa, undertook all the legal work for risual in its sale to Node4, which has sites nationwide but has its headquarters in Derby.
risual is a UK-based business and technology services organisation, offering consultancy, managed services, training and adoption, apprenticeships, and licensing for cloud technologies to a range of global businesses and the UK Public Sector.
The company, which employs 170 staff across the UK, will play a key part in Node4's expansion and follows on from the acquisition of TNP last year.
Steve Halkett, Wright Hassall Partner and Head of Corporate, said: “This is fantastic news for risual as it develops the breadth of services it offers to its clients.
“risual has established a strong reputation since forming in 2005 and it is great to have played a part in the latest chapter of its story.”
risual’s co-founders, Alun Rogers and Rich Proud, will remain in their leadership roles alongside their management team post-acquisition.
Alun Rogers, Co-Founder at risual, said: “Joining the Node4 team is an extremely exciting step for risual, and their excellent reputation was a decisive factor in our decision to take risual into the group.
“Node4’s exceptional service as standard, as well as their culture and commitment to providing strategic input and honest direction, is in perfect harmony with risual’s core values of honesty, openness, and trust.”
Rich Proud, Co-Founder at risual, added: “The combined group is ready to lead our clients with insights to solve their most challenging needs considering secure and environmentally sustainable operations.
“With an integrated team of highly-skilled, trustworthy, and experienced people, the group aims to guide and support clients with capacity and scale to meet any demand.
“Our amazing team is looking forward to maximising group opportunities and play important roles in the ongoing Node4 success story.”
Andrew Gilbert, CEO of Node4, said: “As Node4 evolves as a business delivering more cloud-led transformation services, risual represents a perfect fit given its track record, consultancy skills and managed services in the public cloud.”
Wright Hassall acted alongside LDP Luckmans and Equiteq on the transaction.