MTI

Endless completed the acquisition of MTI in December 2016. 

Headquartered in Godalming, MTI operates predominantly in the UK, Germany and France, providing on-site and cloud-based storage and security solutions.

It was acquired from US-based private equity fund, Garnett and Helfrich Capital.

THE OPPORTUNITY

MTI is an award-winning IT specialist solutions provider, it is renowned within its market for its high-quality data centre solutions as well as its established and comprehensive data and cyber security services offering.

MTI offers a complete end-to-end proposition – expert consultancy, professional services to plan and implement solutions, and on-going maintenance and managed services.

MTI targets lower enterprise, upper mid-market and public sector organisations, who are attracted to its consulting-led approach.

The Impact

Under Endless’ stewardship, MTI underwent a significant transformation beginning in 2017. This transformation involved substantial investment into developing MTI’s solution set, people, internal systems, and operations. The success of these initiatives was reflected in the numerous accolades MTI has garnered, including Dell-EMC Titanium Partner of the Year, Penetration Tester of the Year, and Security VAR of the Year.

The acquisition by Endless presented an exciting opportunity to support and accelerate MTI’s growth, leveraging its strong foundations and customer led proposition, culminating in headcount increasing to more than 200 and revenues of over £80 million.

The Exit

In October 2020, Endless successfully completed the sale of MTI to Ricoh Europe.

The acquisition expands Ricoh’s IT Services capabilities across Europe and provides its customers with access to MTI’s deep expertise.

Scott Haddow, CEO, MTI, commented: 

The management team are delighted to have worked alongside Endless for the last 4 years and they have backed us to deliver the transformation, which has resulted in this transaction today. Our mission is to help customers accelerate digital transformation by modernising their IT systems and refining IT operations with security assurance as standard and privacy by design. Becoming a Ricoh company means we can take this to the next level.