Telefónica Tech is a Spanish company that intends to bring about a digital transformation. The company offers a wide range of services and integrated Technological solutions in Cybersecurity, Cloud, IoT, Big Data and Blockchain.

Acquisition of Cancom UK&I

Now, Telefónica Tech appears to be focused on continuing its organic and inorganic growth plan, which enables it to consolidate its position as a leader. It has agreed to acquire Cancom Group’s Cancom UK and Ireland subsidiary for €398 million (nearly £340 million).

The deal will strengthen the capabilities of Telefónica Tech’s Cloud and Cybersecurity division in the UK and Ireland. Cancom UK&I has 600 professionals joining the Telefónica Tech team, and a broad and strong digital services portfolio including professional services and managed services in advanced IT, cybersecurity and multi-cloud solutions.

So far in 2021, Telefónica Tech has announced the acquisition

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