Redsquid reels in new acquisition after landing funding

Redsquid
Redsquid

Redsquid

Established in 2006 Redsquid was started by entrepreneurs Sohin Raithatha and Vince Mignacca. Based in London and Oxford, Redsquid offers a range of technology services including cyber security, IoT, ICT, data connectivity and voice. The business works closely with major telecoms providers, to sell market leading voice and data packages.

With funding support from Santander, Redsquid has acquired the IT services business, Triumph. This is the third acquisition deal for the business with acquisitions of the technology companies 5Com and Ridgeway in 2015 and 2019 respectively.

The continued support and agility from the deal team at Santander, has enabled us to deliver the strategic attraction of the acquisition of Triumph Technologies. Working with a team who really understands our business, has brought new energy into our organisation.

Sohin Raithatha

CEO, Redsquid Communications Ltd

The latest deal increases their staff to 45 and enables Redsquid to expand its existing product suite, offering its clients a full complement of technology services.

We’re delighted to support Redsquid with the acquisition of Triumph Technologies. It's a strategically important addition to the group, providing new capabilities in the high growth managed IT services sector.

David Muse

Capital Growth Director, Santander