ECI, a private equity firm, has bought a majority shareholding in managed services provider IT Lab. IT Lab said that the investment from ECI provides them with the financial support needed to innovate in response to customer needs.
IT Lab provides infrastructure, cloud, security, technology transformation and change projects, strategic consulting, ERP, mobility and user support, helping its housing customers to navigate the increasingly complex technology landscape.
Peter Sweetbaum, CEO, IT Lab, said, “As strategic partners to many housing providers, IT Lab has helped them to address the financial challenges of areas such as universal credit. ECI’s investment will ensure that we remain critical to these housing providers as they continue to undertake further reductions in costs and diversifications in income.”