Aberdeen-based technology business Dynamic Edge has acquired a London-based IT firm as it looks to grow the business in the the South East of England.
The acquisition of Waytime Technologies brings the total number of staff to 33 and creates new scope for the business to add to its mid-tier and large company client base. Dynamic Edge now has more than 300 clients across the UK, from Southampton to Wick.
All eight staff at Waytime, which is based in Leatherhead, Surrey, are being retained. As well as its Granite City HQ, Dynamic Edge has offices in Inverness and Dundee.
Rob Hamilton, CEO at Dynamic Edge, said: “We sought a business with similar expertise, values and commitment to customer service as Dynamic Edge. Waytime is an ideal fit for us in all respects.
“In addition, it has a number of oil and gas clients in the London and Guildford areas and that was also a factor in moving forward with this deal. We’re looking to take the business to the next level.
“Dynamic Edge has grown year-on-year for the past eight years. We initially considered the Central Belt for our next expansion but opted for the London area, partly due to its strong connection with the oil and gas industry.
“There is huge scope for a proactive IT business; one that is constantly reviewing operations and providing a number of key, managed solutions. The addition of Waytime gives us access to the south-east of England market but it also has clients in other parts of the UK. We’re delighted with the deal.”
Dynamic Edge was established in 2009 in Aberdeen and expanded its operations into Inverness with the acquisition of Alchemy Plus Business Solutions. The Bank of Scotland supported that acquisition in 2015 and has also supported the Waytime deal.
Dynamic Edge also extended its interests into Dundee in 2015. CEO Rob Hamilton moved to Surrey in August with plans to grow the business in the region and will be based at Waytime’s Leatherhead office.
The company has not ruled out further acquisitions, possibly in the north-west of England but, for the moment, will be concentrating on its latest addition.
Waytime directors will remain with the business as consultants and the company’s name, due to its first-class reputation in the region, will also remain. Waytime was named Business of the Year at the 2017 Leatherhead and District Business Awards.