The corporate team at Penningtons Manches Cooper has advised Wirehive, a web hosting consultancy based in Farnborough, Surrey, on its sale to Colorado based Pax8, an award-winning distributor of cloud technologies.
Wirehive’s market leading consulting methodology, professional services, and expert technical support will add value to the Pax8 group and expand its reach across new technologies and geographies.
Demand for public cloud infrastructure is expected to continue to grow and Pax8 and Wirehive plan to offer new job opportunities in the UK. Robert Belgrave, Chief Executive Officer at Wirehive commented: “Through this acquisition, we will help businesses modernise with cloud technology. With Pax8, we can grow and scale at a faster rate while optimising business operations and expanding opportunities to our customers. ‘
The Penningtons Manches Cooper team was led by corporate partner Phil Walton, supported by associate Hannah McIlwraith.
Phil commented: “It was very exciting to work with the founders of Wirehive. They are highly driven and motivated people with a clear vision and I am delighted to see them succeed. It will be even more exciting to see the next chapter develop as they and Pax 8 work together to expand the UK market”.