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Daisy completed its Phoenix IT acquisition on 17 July 2015

Daisy completed the Phoenix IT acquisition on 17 July 2015. MicroScope reported a £135 million deal, 3,600 added businesses and a strategy built around converging communications and IT services.
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Daisy Group completed its acquisition of Phoenix IT Group on 17 July 2015, according to MicroScope’s contemporaneous report. MicroScope reported a £135 million transaction and said the deal would add 3,600 businesses to Daisy’s customer base.

What happened in the Phoenix IT deal?

Daisy Group announced completion of the Phoenix IT Group acquisition on 17 July 2015. The date and transaction details come from MicroScope’s report published that day.

Point Reported detail Source and qualification
Completion date 17 July 2015 MicroScope, 2015
Deal value £135 million Reported by MicroScope in 2015; the figure was not independently checked against the full original transaction announcement here
Customer addition 3,600 businesses Reported by MicroScope in 2015; this is a transaction figure, not a market-wide statistic

How much did Daisy pay for Phoenix IT?

MicroScope reported that Daisy paid £135 million for Phoenix IT. That figure should be read as contemporaneous reporting rather than as an independently verified figure from the original transaction filing.

Why did Daisy want Phoenix IT?

Daisy’s stated rationale was the convergence of unified communications and IT services. Daisy founder and executive chairman Matthew Riley said customers and partners wanted a broader range of services from one provider:

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“The worlds of Unified Communications and IT Services are rapidly converging and our customers and partners are asking us to provide a broader range of services under one roof.”

Riley later described the acquisition as a step toward a unified UK provider of business communications and managed IT infrastructure in a 20 July 2015 LinkedIn post.

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What capabilities did Phoenix IT bring?

Phoenix IT’s company profile lists a broad set of technology services, including:

  • Cloud and hosting
  • Business continuity
  • Connectivity, LAN and Wi-Fi
  • Contact centres and unified communications
  • Managed services
  • Security
  • Supply-chain services

The profile identifies Phoenix IT as a UK IT services and consulting business and now labels it as part of Daisy Group: Phoenix IT Group company profile.

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What did Daisy say customers would gain?

Daisy CEO Neil Muller said combining the companies’ capabilities would give mid-market customers greater breadth of solutions and expertise, with the aim of keeping critical systems “always on.” MicroScope also reported that Phoenix CEO Steve Vaughan would step down as part of the transaction. Those statements describe the companies’ position at completion; they do not establish the deal’s later integration results.

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How should the later Companies House record be interpreted?

Companies House records show the historic legal entity DAISY IT GROUP LIMITED (company number 03476115) as dissolved on 20 August 2024. The record lists Phoenix IT Group PLC / Limited among the entity’s previous names. A dissolved-company entry applies to that specific legal entity; by itself, it does not prove that Daisy’s wider business or successor operations ended.

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Key takeaways

  • Daisy completed the Phoenix IT acquisition on 17 July 2015.
  • MicroScope reported the purchase price as £135 million.
  • MicroScope said 3,600 businesses would be added to Daisy’s customer base.
  • Daisy presented the deal as a response to the convergence of communications and managed IT services.
  • Phoenix contributed cloud, hosting, continuity, communications, managed services and security capabilities.

Product prices and availability are accurate as of the date/time indicated and are subject to change. Any price and availability information displayed on Amazon at the time of purchase will apply.

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