A financial consultant buys an IT company

lr Luke Pilfold-Thomas and Lee Turver

A financial consultant, which employs about 100 people, has grown with the acquisition of an IT services consulting firm.

WeDo Business Services, headquartered in Oldham with offices in Colchester, Sheffield, Swindon and Salford, has acquired Manchester-based Lucid Networks.

Lucid is integrated into the group’s WeDo Digital business, which has a team of more than 50 specialists providing digital innovation, design, development and support services.

The acquisition of Lucid brings a range of IT services to the group, ranging from complex infrastructure projects and cybersecurity to backup hosting services and day-to-day IT strategy implementation.

Lucid, which was founded in 2010, was owned by James Balderstone and based at Manchester Science Park. Its workforce has moved to WeDo Digital’s offices at MediaCityUK in Salford.

WeDo Digital is led by tech entrepreneurs Luke Pilfold-Thomas and Lee Turver, who between them have over 25 years of industry experience.

Pilfold-Thomas said the acquisition of Lucid further expands WeDo Digital’s capabilities and strengthens the group’s broader offering. Other recruitments for the division are underway in the digital field.

He said, “Lee and I recently joined the group to lead the development of WeDo Digital, and we are excited to bring onboard the Lucid Networks team and managed IT services expertise as the next step in our growth.”

Andrew Livesey and Matthew Catterall of law firm North West Taylors Solicitors advised WeDo on its acquisition of Lucid Networks.

Livesey said, “We were very pleased to be asked to continue providing legal support and advice to WeDo as it continues to expand with the acquisition of the Lucid Networks business. »

Founded in 2019 by Mark Lindsay and Chris Robinson with just four employees, WeDo Business Services has grown organically and through acquisitions.

The group offers a range of services to small and medium-sized businesses, including invoice and trade finance, start-up finance, HR, back office and payroll support, as well as IT and digital services. .