Livingstone Group, the SAM managed services provider, has today been acquired by Trustmarque.
According to the press release, the transaction “accelerates Trustmarque’s strategic focus on optimisation and cloud services, bringing the management of the whole software lifecycle to its customers.”
The transaction is the first step in Trustmarque’s growth strategy to accelerate the consolidation of mid-market IT services in the UK. The partnership with Livingstone complements and strengthens Trustmarque’s existing capabilities in SAM, cloud and licensing.
Clearly Livingstone’s enviable position in the Gartner Magic Quadrant for SAM Managed Services for two years running is another driver here.
Ben Richardson, CEO of Trustmarque comments, “Today marks an exciting milestone, as we welcome the Livingstone team to Trustmarque. This acquisition will enable us to leverage the data-driven knowledge of Livingstone to benefit Trustmarque’s customers. Together, we are ready to collaborate to deliver superior transparency and control over our customers’ IT investments.”
Similarly, as a top-tier partner for leading technology partners including Microsoft and Cisco, Trustmarque has unrivalled capability and credibility to deliver their most advanced Cloud, Security and Connectivity solutions to Livingstone’s customers.
“Everyone at Livingstone is excited to join the growing Trustmarque family,” added Chris Allan, CEO of Livingstone. “Our combined expertise will create unrivalled end-to-end services across the software lifecycle for our customers. In Trustmarque, we recognised a partner with the same vision as ours: a commitment to ensuring our customers buy what they need, secure their environment, and renew it optimally. We look forward to working together to help all our customers harness the power of technology through smart IT investments.”
Livingstone was sold by the private equity firm Carlyle Europe Technology Partners (“CETP”), which has been making a name for itself in the ITAM sector since it also acquired Derive Logic in 2019. For their part, Livingstone has made a number of its own acquisitions over the years, including Siwel in April 2019 and Cloud Optics in October 2019.
Trustmarque was itself subject to an acquisition by Capita for £57m back in 2016, later being sold to private equity firm One Equity for £118m last year.