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Sanderson Group acquires retail solutions firm One iota

Software and IT services business Sanderson Group has strengthened its digital retail offering with the acquisition of UK retail solutions firm One iota.

The newly acquired company will fit into the group's Sanderson Multi-Channel Solutions subsidiary in a deal that is expected to cost up to £5.43 million.

One iota, which is based in Rossendale, Lancashire, provides cloud-based, multichannel solutions via mobile, tablet and in-store devices. The company developed a proprietary cloud-based modular technology platform, MESH, which enables the delivery of enterprise grade solutions, delivered in a software as a service' model.

The company is currently working with a number of the UK's leading retailers, including Littlewoods, Very.co.uk, Footasylum and SuperDry. One iota's solutions span mobile commerce, eCommerce, social media and in-store technology.

For the year ended 31 January 2013, One iota had unaudited turnover of £0.66 million – up from £0.5 million a year before. For the seven months ended 31 August 2013, One iota had unaudited turnover of £0.61 million and profit before taxation of £0.21 million.

Sanderson Group chairman Christopher Winn commented: "We are delighted to welcome the One iota team, led by Damian Hanson and David Hague into the Sanderson Group.

"Following the acquisition of Catan Marketing in August 2013, the One iota acquisition further strengthens the company's position in the rapidly expanding mobile-enabled eCommerce and online sales markets."

One iota was founded in January 2010 to develop eCommerce solutions across multiple new technology devices and channels. In addition to its Lancashire headquarters, it has offices in South Wales and London and employs 20 people.

http://www.sanderson.com/

http://www.itsoneiota.com/

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