Significant Move to Empower Data-Driven Strategy and Drive Innovation Across Verticals.

January 19, 2024 - Toronto, Canada - Fulcrum IT Partners (“Fulcrum”), a leader in delivering verticalized comprehensive IT solutions announced its acquisition of Razor, a pioneering firm at the forefront of data and artificial intelligence technology. Alongside Razor, Fulcrum is acquiring two related entities, REYT and Nimbitech. These acquisitions are a key step in Fulcrum’s commitment to creating a data-focused ecosystem, representing a significant enhancement to its technology portfolio. This acquisition underlines Fulcrum’s commitment, through its innovation incubator Fulcrum Labs to deliver data-driven outcomes to its customers.

Razor’s integration into Fulcrum brings together deep vertical expertise with cutting-edge data-driven solutions, highlighting Fulcrum’s dedication to elevating customer experiences through innovative technology. The acquisition strategically positions Fulcrum to utilize back-office data to drive revenue and deliver better outcomes for customers.

“The acquisition of Razor signifies an exciting step forward for Fulcrum. Allowing us to leverage AI and data analytics to augment and enhance our existing service offerings whilst bringing new innovative solutions to market,” said Gareth Davies, President of Fulcrum Labs, and EVP of Managed Services of Fulcrum IT Partners. 

This collaboration is set to accelerate the way Fulcrum utilizes data, bridging the gap between back-office infrastructure and front-office solutions. Razor’s expertise in data intelligence will augment Fulcrum’s existing technology solutions, offering a differentiated advantage in the marketplace.

“Joining forces with Fulcrum allows us to scale our innovative approaches to data and AI on a global platform,” stated Jamie Hinton, CEO of Razor. “Our shared vision for a data-driven strategy and the global scale that Fulcrum has, will unlock new potentials in technology advancement and customer experience.”

Fulcrum, with Razor will be launching a suite of informatic platforms focused within the manufacturing, retail logistics, and healthcare verticals, augmenting data with machine learning to bring insights to operational technology. The acquisition of Razor unlocks the ability to work towards developing Private Generative AI-as-a-Service enabling internal efficiencies and a differentiated access to customers whilst ensuring the privacy of corporate data.

About Fulcrum IT Partners

Fulcrum IT Partners is the parent company of an expanding portfolio of established and successful IT solution companies in the UK, Canada, and the U.S., with proven expertise in cybersecurity, cloud, consumption-based IT and managed services. Fulcrum is dedicated to using technology to deliver better business outcomes to vertically focused industries through its breadth of expertise and longstanding relationships with respected industry partners.

About Razor

Razor is a technology and data analytics consultancy that was founded in Sheffield, UK. Razor helps businesses and organizations leverage the power of digital technologies such as automation, virtual reality, artificial intelligence, machine learning, and focused design thinking to create innovative solutions. Driven by a vision to amplify human greatness through technology, Razor is using technology to empower people by creating solutions that enhance human capabilities, improve user experiences, and solve real-world challenges.

For more information, visit www.razor.co.uk.