C4L Group Holdings announces successful acquisition of CloudSpec Ltd

The acquisition has enabled CloudSpec inside access to C4L’s coreTX network, meaning a costly part of the business can now be removed and efficiency will significantly improve with positive revenue forecast generated. In turn, C4L now has a new service offering; highly scalable cloud backup, archive and storage. This expansion of C4L’s portfolio further reinforces C4L’s recent announcements of official partnerships with some of the largest Colocation and Cloud providers in the UK.
Archie Maddocks, Service Delivery Director of CloudSpec has now been appointed as Operations Director of C4L, where his key skills and specialist knowledge of CloudSpec will be instrumental to C4L’s continual improvement and target of 60% revenue growth this year. The acquisition creates a unique opportunity to bring together two technologies, coreTX and CloudSpec, with the aim to create the UK’s fastest storage, on demand, backup and archive service. Both C4L and CloudSpec will continue to trade independently as part of C4L Group Holdings.

Simon Mewett, CEO of C4L Group Holdings, said: “There was a twofold reason for the acquisition of CloudSpec, firstly, CloudSpec has enormous potential through leveraging C4L’s coreTX network, and secondly, our first Director-level appointment of Archie Maddocks as Operations Director of C4L not only strengthens our team as he brings with him a wealth of experience in Operations, but he also has strong commercial acumen which compliments the senior management team at C4L. It is a strategic goal to expand our products & services through acquisitions which offer both our customers and our channel partners the leading edge in the industry. So, to bring CloudSpec under C4L Group Holdings and welcome Archie to the team gives me great pleasure as I look forward to a fast-growing profitable year with many more happy customers”

Archie Maddocks, Service Delivery Director of Cloud Spec, said: “I have worked with C4L closely over the last four years with a previous company and over the last six months we have been in formal discussions about bringing CloudSpec under C4L Group Holdings, this way I can put my skills to best use directing the Operations within C4L and CloudSpec. By combining CloudSpec technology with the coreTX network we can deliver a highly effective cloud based storage and backup service which benefits both companies and delivers a unique solution to the market”

“The size of the coreTX network versus the cost of doing this independently is the game changer for CloudSpec and I could not be happier to begin my new role as Operations Director at C4L”