Latest News | 10 February 2021
Couple complete IT firm management buyout
The management team at Cooper Parry IT has completed the purchase of the business, which will now change its name to Bamboo Cloud.
Brett and Vicky Critchley began their journey towards full ownership of the firm, which specialises in providing technology services to businesses, in 2019.
Now, they have sealed a deal for the remaining 50% of shares to become full owners.
Going forward, Vicky will be chief executive, while Brett takes up the role of executive chairman.
Meanwhile, the seven-member ownership team of CPIT will remain in place along with its workforce of around 90 staff.
A full switch to the new Bamboo Cloud brand will be revealed next month.
The award-winning company has more than 25 years’ experience in helping build and support businesses from the ground up, utilizing Microsoft cloud technology to help them do and achieve more.
Vicky said: “We’re looking forward to creating our own identity and accelerate our growth as one of the finest Microsoft Dynamics partners in the world.
“Our unique passion for empowering small and mid-sized businesses will continue and we look forward to expanding our offerings and services to a larger global audience in the months to come.”
The firm is highly regarded in the global Microsoft community. In 2019, CPIT was named Partner of the Year Winner for Microsoft Dynamics 365 Business Central and was a finalist for the same category last year.
Brett said: “Our global accomplishments are rooted in the unwavering commitment we received from Cooper Parry.
“Together, we built a solid foundation for global success and we can’t wait to embark on this latest part of the journey.”
Ade Cheatham, chief executive of Cooper Parry, said: “Following the part MBO back in 2019, this is the natural next step.
“With exciting global opportunities across the UK and US, CPIT will fully leverage their strong Microsoft relationship to the benefit of our many mutual clients.
“We’ll continue to collaborate on many projects, transforming clients’ IT and finance systems. I’m super excited to see the next chapter of this story unfold.”
