Fully Managed acquired fellow Canadian managed IT services provider Ook Enterprises for an undisclosed amount.
This is the M&A technology deal number 535 that ChannelE2E currently covers in 2022. View more than 1,000 M&A technology deals involving MSPs, MSSPs and IT service providers listed here.
Ottawa -based Fully Managed was acquired by Canadian telecom giant Telus in February 2022 for $ 137 million. This acquisition is the first since Telus bought the company, but Fully Managed has also made five acquisitions in the past six years, increasing its number to more than 400 employees.
Founded in 2006, Vancouver-based Ook has approximately half a dozen employees. The company provides tech support and strategic planning while specializing in support for Apple, Google Workspace, Microsoft, and Linux products.
Ook founders Simon Richardson, Mike McLean and Luis Giraldo joined the Fully Managed executive suite as part of the deal.
Fully Managed Acquires Ook Enterprises: Buying Talent
Mark Scott, President, Fully Managed
Mark Scott, president, Fully Managed commented:
“We are pleased to welcome Ook and its customers to Fully Managed and Telus Business Solutions. Ook’s expertise and standards of excellence will contribute to our success and help us offer a greater service experience to our customers across North America. “
Luis Giraldo, CEO, Ook, said:
“We look forward to joining the Fully Managed and Telus Business Solutions team. We have always been committed to helping small and medium businesses rediscover the magic of technology. It gives us the opportunity to take that perspective further. “
About Fully Managed
Founded 16 years ago, Fully Managed had private equity backing, and also received $ 25 million in financing from Comerica Bank and BDC Capital in 2020. MSP focuses on three lines of business, which are:
- Digital Business: managed IT and security for small and medium sized businesses;
- Digital Enterprise: Elite ServiceNow Practice for IT, customer, and employee workflow automation; at
- Digital Health: IT solutions for Senior Care communities.