Cobweb has acquired Coretek Ltd, enhancing its managed IT services and cloud solutions capabilities to better serve the UK market.

Information on the Target

Coretek Ltd, an established IT support and managed services provider, is based near Southampton and has been serving the business and educational sectors for 25 years. Over the years, Coretek has earned a credible reputation for its prompt and personable IT support, in addition to offering cloud solutions, IT consultancy, and infrastructure services. The company is one of the few managed service providers in the UK to operate its own privately-owned cloud platform, showcasing its commitment to innovation and quality service.

Industry Overview in the UK

The managed IT services industry in the United Kingdom has witnessed significant growth as businesses increasingly recognize the importance of technology in their operations. As organizations continue to adapt to a digital-first approach, the demand for reliable IT support and managed services has surged, creating a robust market for providers. The sector is characterized by a mix of established firms and emerging players, all striving to cater to a diverse array of client needs.

Furthermore, the pandemic has accelerated the adoption of cloud technologies, which has become a driving force behind IT services growth. With more businesses migrating to the cloud, companies like Coretek, which offers pr