The Internet Group's new subsidiary, BuyMyIT.biz

The Internet Group Ltd announces acquisition drive to help failing IT businesses generate a return on their recurring revenue.

The Internet Group Ltd, an award winning and leading provider of Managed Services, today announced the launch of its new subsidiary BuyMyIT.biz.

BuyMyIT.Biz is aimed at targeting IT service providers in the SME space for acquisition and partnership opportunities.

The Internet Group Ltd have successfully acquired 5 other companies since its inception in 2000 and want to build on their previous success by getting in touch with other IT service providers who may be feeling the 'credit crunch' or feel that they wish to exercise their exit strategies.

The Internet Group approached its bankers and have funding secured to enable it to act quickly.

BuyMyIT.Biz has created a website to demonstrate how their simple process which starts with a phone call can end up with the current shareholders of the business receiving cleared funds.

Adam Maurice, Commercial Director commented;
"Acquisition has always been a key factor in our growth strategy and based on our previous experiences, we feel that now is the right time to approach other IT service providers to allow them to cash-in on their lucrative recurring revenue deals that they have structured with their clients during the boom times. We have already written individually to over 500 companies in order to start a dialogue with a view to discuss potential acquisitions and has already seen an incredibly positive response."

For more information please visit www.BuyMyIT.Biz