Acronyms announces £1million investment, as part of Cornwall expansion plans

Acronyms Ltd, a leading technology company specialising in managed IT services, has today announced its expansion into Cornwall and the successful acquisition of Tanist, a Cornwall-based IT solutions provider.

The takeover, which was officially completed on Saturday July 1, 2023, demonstrates a significant investment in the region of over £1million, over a period of three years, with the IT company pledging to support the local economy in Cornwall by creating jobs and driving growth from the newly acquired premises in Bodmin.

Founded in 2003, Acronyms has been a trusted provider of managed IT services for over 20 years, supporting over 200 UK-based and international clients from their offices in Plymouth, Cornwall and Bristol including industry giants such as Taylor Wimpey and prominent regional businesses including the National Marine Aquarium. Their cyber security packages, which includes the cutting-edge cybersecurity software SentinelOne, recently saw the firm shortlisted for a national accolade at the Comms Business Awards.

The acquisition of Tanist involved the purchase of their office space, staff, and contracts, incorporating approximately 50 new clients into Acronyms' portfolio including Doom Bar brewer Sharp's Brewery, regional law firm Charles French & Co as well as award-winning food production companies Buttermilk and Prima Bakeries. The newly acquired contracts will join the likes of Acronyms’ already well-established Cornwall-based clientele which includes major dairy supplier Trewithen Dairy and key hospitality and tourism businesses Lands End Landmark, the National Lobster Hatchery and Hendra Holiday Park

Dave Smith, Managing Director from Acronyms said: "We are proud to announce our expansion into Cornwall and the acquisition of Tanist, which represents a significant milestone for Acronyms.

“Cornwall holds tremendous potential for growth and development, and we are committed to leveraging our expertise in providing high-quality IT services to support businesses of all sizes. Through our comprehensive range of IT solutions, we aim to empower organisations to thrive in the digital age, enabling them to enhance their operational efficiency, improve productivity, and seize new opportunities.”

Since the Covid-19 pandemic*, Cornwall’s economy has faced significant challenges and is still considered one of the most deprived areas in Europe**. Acronyms’ latest expansion into Cornwall hopes to support the region's economic recovery by driving growth from their new Bodmin office and providing employment opportunities for local people.

Dave Smith continues: “We firmly believe that the success of Cornwall is crucial for the overall prosperity of the South West region. By investing in Cornwall, we are investing in the future, supporting entrepreneurs, and empowering local businesses with the technological solutions they need to thrive in today's digital landscape. Creating local job opportunities is another core aspect of our commitment to Cornwall. We recognise the talent and potential within the region, and are eager to provide employment opportunities that will contribute to the growth of the local workforce.

“Our vision for Cornwall goes beyond economic growth. We are also passionate about making a positive impact on the community and fostering sustainability. As part of our commitment to the environment, we are installing electric power points throughout our premises in Cornwall, enabling the adoption of electric vehicles and supporting the region's journey towards a net-zero carbon footprint. We also work closely with local conservation charities and community initiatives such as Surfers Against Sewage to support their missions.

Prior to the acquisition of Tanist, Acronyms was approached by Cornwall-based IT-OK Ltd to take over their customer base, representing another milestone in their expansion into Cornwall. This latest takeover marks a new chapter in Acronyms' growth story, solidifying its position as a premier technology partner in the South West of England.

For more information about Acronyms Ltd and their services, please visit their website at www.acronyms.co.uk.

*www.cornwalllive.com/news/cornwall-news/damning-report-lays-bare-reality-7328141

**www.historic-cornwall.org.uk/why-is-cornwall-so-poor