The Perkbox Vivup Group, created by a merger in March this year, has now acquired technology provider Let’s Connect from Personal Group as part of its ongoing growth strategy.
Let’s Connect is an established provider of workplace benefits that enable employees to buy the latest consumer technology from manufacturers, such as Apple, Microsoft and Sony, by spreading the cost using salary sacrifice or net pay arrangements.
Under the multimillion pound deal, the technology provider’s team will join the Vivup operating structure where there are business synergies.
Ambition to be number one
Simon Moyle, CEO of Vivup, said: “The acquisition of Let’s Connect further strengthens our new group’s ambition to be number one in each of the areas we operate. The merger of Perkbox and Vivup, with investment from Great Hill Partners, is enabling us to acquire a successful small business that is core to our offering, while supporting the group’s overall growth journey.
“Let’s Connect’s clients, in turn, get the best of both worlds. Largely, this is business as usual – employers and partners will continue working with Let’s Connect. The difference is that they and their users gain from a wider range of products from Vivup’s salary sacrifice platform, providing access to around 70,000 home and electronics products at leading retailers like Currys, John Lewis and Decathlon.”
Personal Group core focus
The sale enables Personal Group, the workforce benefits and services provider, to focus on the core areas of its business.
Paula Constant, chief executive of Personal Group, said: “We are delighted to have secured such a well-suited home for the Let’s Connect team and customers. As a value led organisation we take the wellbeing of all our staff very seriously, and we are pleased that the Let’s Connect team will be joining a business with a similarly strong employee focus.”
She said: “As previously announced, our strategy review has validated the strength of our insurance and benefits platform offerings. This deal enables a greater focus on these core areas of our business, and we are committed to the execution of our strategy for accelerated growth.”
