Tyneside tech firm Aspire expands into Yorkshire with latest acquisition

Tyneside tech firm Aspire Technology Solutions has expanded its footprint in Yorkshire after snapping up a Leeds business in an undisclosed deal.

The Gateshead company – a former North East Company of the Year – has swooped for Cloud CoCo Ltd, an experienced managed service provider based in Leeds. Aspire bosses said the deal marks a strategic advancement in its plan to expand its UK presence and further strengthen its ability to deliver managed IT services, security solutions, and integrated modern workplace technology to clients across a range of industries.

Accounts show CloudCoCo turned over £7.3m in most recent Companies House filings covering 2023, up from £6.9m, but fell to a loss of £170,041 from the previous year’s profit of £161,098, with more than £88,000 accounting for exceptional items including restructure costs. The company, formerly part of AIM-listed Cloud CoCo Group Plc, had around 45 employees in the financial period.

The acquisition will bring over £10m in additional revenue and approximately 300 new customers to Aspire, which it said set