Via Kristy Dorsey
Under a new name, North, the Glasgow IT firm Boston Networks is consolidating its activities as the company seeks to double turnover over the next three years to £ 100 million.
The step follows a number of contracts the business has received. These include Wales’ Pinacl and Pinacl GDA, Birmingham’s 2020 Vision Systems and London’s PEL Facilities. All of them will now work under the name North.
Together, since the Covid 19 emergency began, Northern businesses have secured more than £ 30 million in new contracts. Boston Networks Chief Executive Officer Scott McEwan, who will become North Group Executive Director, said the pandemic has fueled demand for networks and security technologies.
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“Over the last few years we have gone from strength-to-strength, and by bringing together the individual businesses in the group, we have a unique offering and expertise within the company to meet the challenges of our customers across the UK and globally,” he said.
“Covid-19 has put network infrastructure and the security of people, buildings and assets at the top of the agenda for both private and public sector companies as they require robust and secure systems at the heart of their organizations during the pandemic and into the future.”
In April of that year, PEL Services was acquired by Boston Networks, which is majority owned by Aliter Capital, which invested in the company in early 2018, followed by 2020 Vision in December. In March 2019, PINACL was added.
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“Since then, we’ve harmonized everything within the company, so this is the final piece of the puzzle, if you will,” said Mr. McEwan.
North hires 250 employees, a number Mr. McEwan said in the coming year could increase by 10 percent as the company grows organically as well as through more acquisitions. A particular focus will be on construction in Birmingham.
Recent project wins include a four-year, £4 million contract with Hammersmith & Fulham Council to relocate its security headquarters while future-proofing its CCTV infrastructure. Several other government and public sector projects, which are kept confidential under non-disclosure agreements, have added a further £18 million to the order book.
North also operates the £6 million IoT Scotland network, which supports innovative enterprise projects with hundreds of long-range wireless gateways located across the country.