International law firm Hill Dickinson’s corporate team has advised the shareholders of data science and AI consultancy Elastacloud on the sale of the business to Acora, creating a strategic partnership that aims to drive innovation and shape the future of data and AI.
Acora, which is backed by private equity firm LDC, is a leading UK IT and cyber security technology services company that provides an extensive range of services to over 300 organisations. Elastacloud is a UK- headquartered solutions provider that has partnered with companies such as Microsoft Solutions, Databricks and The National Museum of Computing at Bletchley Park to operate globally. It also has offices in Brazil, Spain and India.
David Mkhitarian, partner and head of Hill Dickinson’s Private Equity team, led on the provision of legal advice to the shareholders of Elastacloud, assisted by Harriet Adgie, Alexandra Bloomer and Paula Mas Alvarez.
We were delighted to work on this deal and guide Andy and Richard through the successful sale of their business to Acora, creating a strong and exciting partnership. The worlds of data science and AI have moved into the business mainstream very quickly. In becoming part of the Acora Group, Elastacloud has gained significant opportunity to build on its strengths, combine its knowledge with Acora and widen its client reach.David Mkhitarian
Partner
David Mkhitarian said: “We were delighted to work on this deal and guide Andy and Richard through the successful sale of their business to Acora, creating a strong and exciting partnership. The worlds of data science and AI have moved into the business mainstream very quickly. In becoming part of the Acora Group, Elastacloud has gained significant opportunity to build on its strengths, combine its knowledge with Acora and widen its client reach.”
Richard Conway, CEO of Elastacloud, added: “Joining forces with Acora is an exciting new chapter for us [and] offers expansive opportunities for our team to explore diverse projects, increase innovation and advance professionally.
“We have always thrived on challenging the status quo and leveraging technology in innovative ways. Joining forces with Acora allows us to amplify the impact of our work, delivering exceptional AI and data science solutions to a broader audience.”
The combined group now numbers almost 1000 employees around the globe, with a shared vision to provide end-to-end services and innovation across IT, cyber and data security and cloud first transformation.