Orium nears £10m revenue and goes shopping with add3 buy

Channel services provider Oriium announced its first acquisition a year after taking on investment. Yorkshire-based data management specialist has taken a majority stake in London-based application specialist add3 for a seven-figure sum.

Having started as a direct-selling CommVault services specialist, Oriium recently shifted to a channel-only model. Add3 sells primarily through 15 partners, five of which are giants with revenue of £500m or more.

Oriium’s goal is to hit £10m revenue by 2018 via a combination of organic growth and acquisitions, with Kiaie revealing talks are ongoing with two further targets.

Chris Kiaie, ORIIUM managing director said: “I’m delighted to welcome add3 to the ORIIUM family. This acquisition expands our service capabilities and brings considerable value to our partners and clients. With this acquisition we have gained a high quality application practice with a southern presence and high profile customer base.

“While some businesses may be apprehensive in light of recent political and economic events, we are confident we have created the foundations for a solid, scalable business and this acquisition underlines our confidence.”

Danny Clarke of add3 said: “ORIIUM provides a perfect complimentary fit to our application practice and we share the same values and reputation for service excellence. Having worked together on a number of occasions we have a proven model that delivers increased value to our customers and partners alike. ORIIUM has ambitious growth plans and we’re excited about delivering transformative application and cloud migration services to the Channel”.

Chairman of ORIIUM, Ryan McCarry, said: “This acquisition is the first of several that delivers against our strategic growth objectives. We are well positioned to take advantage of the growing trend of transitioning applications to cloud. In the last few years, Amazon Web Services and Microsoft Azure have extended their market dominance and the add3 acquisition ensures we are aligned and will benefit by providing complimentary services”.