Datrix Limited

Cavendish has today announced that it has closed a deal for the sale of Datrix Limited (“Datrix”), a well-established supplier of cloud-based networking, communications, and cyber security solutions, to AdEPT Technology Group plc (“AdEPT”), one of the UK’s leading independent providers of managed services for IT, connectivity, unified communications solutions, and cloud services.

Based in London since 1994, Datrix boasts considerable expertise in the growing market for Software Defined Wide Area Networking (“SD-WAN”), having designed, delivered, and managed end-to-end enterprise solutions for a number of multisite, mission-critical environments. With 63% of total revenue generated from public sector clients, Datrix’s strong customer base includes NHS Trusts, care homes, local authorities, and universities, as well as energy companies, law firms, and construction companies.

Demand for Datrix’s unified, secure cloud-based network and communication solutions has been accelerated by the changes to working lifestyles driven by the pandemic, and this demand continues to grow in both the public and the private sector. Datrix is well-positioned to benefit from this increased demand. This background makes the acquisition of Datrix a strategically important one for AdEPT, enhancing the Group’s capabilities and increasing its market share in a key cloud-centric growth market and in complementary verticals.

Datrix has been capably managed by a highly competent Executive Management Team, who between them boast more than 70 years of experience in leadership roles within the sector. Key management figures have been retained in their current capacity, with a clear focus on expanding AdEPT’s presence in the advanced cloud-centric networking space. Current Datrix Managing Director Mark Thomas will lead Datrix under AdEPT’s ownership, reporting directly to AdEPT CEO Phil Race. Exiting Datrix CEO Mahmood Chaudhri will be retained in a consultancy role during the earn-out period.

Anthony Platt, Partner at Cavendish, comments:

“We are extremely pleased to have played a role in this strategically important acquisition in an exciting market. This deal provides AdEPT with instant scale, expanding the Group’s portfolio in increasingly important secure cloud technology, SD-WAN, and related cyber security products. Datrix fulfils all the criteria of AdEPT’s growth strategy, and its strong customer base is well-aligned with AdEPT’s vertical market focus.”

Mark Thomas, Managing Director of Datrix, comments:

“We are delighted to become part of the AdEPT Technology Group. From the outset, it was clear that the solution set we take to market is complementary to AdEPT’s, and that the combination of AdEPT and Datrix expertise will bring benefits to both parties, and crucially to our customers. Our joint presence in the NHS will undoubtedly create new opportunities and being part of a larger group will help us capitalise on the growing and substantial market for advanced cloud-centric networks and cyber security.”