Itex (Isle of Man) Ltd is under new ownership following a management buyout by Alyson Hamilton Lacey and James Cochrane.

Alyson and James have acquired the offshore IT business from the C5 Alliance Group, which purchased Itex Holdings operations in the Isle of Man, Jersey and Guernsey in June 2013.

Managing Director Alyson said: ‘The Itex brand has long enjoyed a strong reputation in the Isle of Man and this is an exciting opportunity to build on the excellent products and service levels that have become our calling card over the years. We have maintained a strong alliance with C5 and will continue to work closely with them.

‘This is the dawn of a new era for Itex (Isle of Man) – we have made a substantial investment in acquiring the business and we have great plans for the future, which will be unveiled over the coming months.’

Itex (Isle of Man) is a highly accredited provider of technology solutions for offshore markets, using its partnerships with leading global vendors to deliver independent advice and solutions to businesses, including the Manxcloud, launched in 2009 and delivered from state-of-the-art certified datacentres located in the Isle of Man.

James said: ‘We are renowned for the expertise and professionalism of our team, who take great pride in their deserved reputation as “service heroes” – whatever the issue, whatever the time of day, they deal with it. We want to build on this reputation to create a “family business” ethos and provide a strong platform for the future development of Itex (Isle of Man).’