A financial consultant, which employs approximately 100 people, has expanded with the acquisition of an IT services consultancy.
WeDo Business Services, headquartered in Oldham with offices in Colchester, Sheffield, Swindon and Salford, has acquired Manchester-based Lucid Networks.
Lucid is being integrated into the group’s WeDo Digital business, which has a team of more than 50 specialists providing digital innovation, design, development and support services.
The acquisition of Lucid brings to the group a range of IT services, from complex infrastructure projects and cyber security through to back-up hosting services and day-to-day IT strategy implementation.
Lucid, which was founded in 2010, was owned by James Balderstone and was based at Manchester Science Park. Its workforce has transferred to WeDo Digital’s offices at MediaCityUK in Salford.
WeDo Digital is led by tech entrepreneurs Luke Pilfold-Thomas and Lee Turver, who have more than 25 years’ industry experience between them.
Pilfold-Thomas said the acquisition of Lucid further expands the capabilities of WeDo Digital and bolsters the offering of the wider group. Further recruitment for the division is underway in the digital business.
He said: “Lee and I recently joined the group to spearhead the development of WeDo Digital, and we are thrilled to bring in the team from Lucid Networks and managed IT services expertise as the next stage in our growth.”
Andrew Livesey and Matthew Catterall, of North West law firm Taylors Solicitors, advised WeDo on its acquisition of Lucid Networks.
Livesey said: “We were very pleased to be asked to continue to provide legal support and advice to WeDo as it continues its expansion with the acquisition of the Lucid Networks business.”
Founded in 2019 by Mark Lindsay and Chris Robinson with just four staff, WeDo Business Services has grown organically and through acquisitions.
The group provides a range of services to small and medium-sized companies, including invoice and trade finance, start-up funding, HR, back office and payroll support, as well as IT and digital services.