Cheltenham-based ICT infrastructure and support experts Bamboo Technology Group (BTG) have been acquired by Rigby Technology Investment's CloudClevr.

Bamboo's move within the group comes in the wake of investments by Rigby in NGC Networks and 4Sight Communications in 2023, and the change has been welcomed by BTG CEO Stuart Davis as a doorway to a new period of growth for the business. 

After a decade of leadership, Mr Davis is quitting his role as part of the acquisition process, his involvement stemming back to his time with the company as the original founder.

Based within the Gloucestershire College Campus on Princess Elizabeth Way, BTG's key focus is on the "design and deliver of digitally assured solutions for the hybrid workforce".

Rigby reports the move as a "major investment" which adds "further momentum to its plan to give CloudClevr increased geographic coverage in the west of England and brings complementary communications and IT capabilities to the group as well as significant additional scale".

As the third step in recent investments, BTG added that it sees CloudClevr emerging as a next generation Managed Services Provider, focused on delivering converged Cloud, IT, and Communications services.

Stuart said: "It is clear that there is a very strong cultural and strategic fit between CloudClevr and Bamboo."

He added: "I am pleased that the business will continue to thrive under new leadership and as part of the CloudClevr group. I am looking forward to working with Steve and the team as Bamboo and CloudClevr enter this exciting period of growth".

Steve Harris, CEO of CloudClevr, is now working in the role of CEO of Bamboo Technology Group, while Lorrin White and Stuart Davis will be staying on in an advisory capacity.

Mr Harris, CEO CloudClevr, said: "I am delighted to welcome the Bamboo team into CloudClevr and will look to support the existing leadership team to continue to grow the business.

"Bamboo brings key complementary capabilities and additional scale to the CloudClevr group that further underpins our deep technical capability across a truly converged portfolio."

● CloudClevr is a new venture, with majority investment coming from Rigby Technology Investments (RTI), the specialist investment business within Rigby Group PLC.