Toople was listed on the London Stock Exchange in May 2016 and acquired DMSL in January 2020. The company ran into difficulties and appointed administrators in October.
The transaction, which closed on Friday, is the eighth for Northern Telecom in the last five years and secures provision of service for a range of small to medium sized business customers across the UK.
Jon Graves, managing director, Northern Telecom Group (pictured above, left, with his team), explained, “We’re delighted to finalise another two acquisitions to supplement our growth this year. We look forward to supporting each customer with their IT and telecoms requirements.”
Toople’s customer and reseller relationships, including customers of DMSL, will transition into the wider Northern Telecom group.
Simon Rogers, operations director, Northern Telecom Group, added, “The Toople business has underperformed over the last five years. A fundamentally flawed business model and questionable strategic decisions have masked what we believe to be a business with strong underlying financials.
“We’re delighted to welcome Toople customers into the wider group and we’re excited to enable the business to unleash its full potential.”