IT services firm Trustmarque has acquired software and cloud optimisation firm Livingstone as the first stage of an ambitious acquisition run.
The undisclosed deal sees £78.9m turnover Trustmarque take control of £12.4m Livingstone Technologies which sells services around the world. Reading-based Livingstone's management team will remain in post along with 150 employees.
Trustmarque, which employs about 380 people and is backed by New York-based private equity firm One Equity Partners , said the move completed its existing capabilities in software asset management, cloud and licensing.
