This is a very lucrative avenue for the company and a very steady source of income. The Government always pay their bills and they pay them on time.
Pinnacle will also be able to provide public sector organisations with a complete solution through the Public Services Network (PSN) framework, offering enhanced security to the public sector, thanks to O2 being the first mobile network provider to become CAS(T) certified.
Pinnacle sources best-of-breed digital solutions, providing technologies that touch many parts of an organisation. It also has a strong proposition for the public sector that will meet the increasing market demand for a heightened security capability to deal with threats
Now there's a huge clue here and I'm about to expand on it for you. Firstly, take a minute to understand what's been said above? There is huge demand for for a heightened security capability to deal with threats?
OK, Simon Duckworth, is one of the top men in the counrty when it comes to ensuring a turn around is a success. he done it with Accumuli and the market of choice for Accumuli which was very lucrative to them was security. Now simon is in at the bottom here and I now reffer you back to my original point.
Huge demand for a heightened security capability to deal with threats. This is where will Pinn will expand in the coming weeks and it's why Simon Duckworth is here imo. Pinn is going to grow and make acquisition in and around security.
here's our CEO's thoughts on it.
Pinn CEO, Nicholas Scallan
"We further believe that being able to offer both existing and new public sector clients PSN-assured services is highly appropriate in the current climate, where cyber security is increasingly important to both the public and private sectors."
it's a growing market and one where we are expanding into.
Adding further to the benefits of winning this contract is the fact that PINN has not been awarded a contract for any one thing. This contract has been awarded to pinn to provide a wide range of services which actually encompasses their entire offering in terms of major services, ie the most lucrative offerings Pinn have.
Pinnacle announces exciting new digital and public sector partnership with O2
Pinnacle Technology Group has announced an exciting digital and public sector partnership with leading mobile provider O2 as part of an exclusive partner agreement.
Pinnacle – which has offices in Glasgow, Stoke-on-Trent and Northampton – has been appointed as a specialist partner to provide tailored business to business security solutions and assist O2 in enlarging its digital capability, delivering mobile solutions to the market.
Now, this is a great foot in the door but it's only the begining. This contract is a gateway to a very lucrative market place where PINN simply could not provide the services and products required. Now all of a sudden they are winning contracts and partnering with multi bill £ companies and not only that, they are proving they can meet the expectations of these types of companies.
Looks fantastic, it's quite clear the company is trying to present itself as a serious provider of IT services and appearance is everything when you are in the Tech sector. The fundamentals like your website etc need to be spot on potential customers will leave 2 seconds after clicking on it.
MXCP and Duckworth are all part of the new plan to enlarge the group and this is being worked on right now.
We know this because the Chairman told us so ,
"The Board is now of the view that the time is right to consider reviewing acquisition opportunities that will take advantage of the underlying capabilities of the Group, as well as the highly fragmented and regionalised market in which the Group operates. The Board was pleased to appoint MXC Capital Advisory LLP to assist with this process"
Or in English ............we are negotiating to buy more companies and have the backing of MXCP the tech experts and Livingbridge VC who just took a large stake in the co. This is going way past 20p once they get the show on the road.
Lots of small time punters will sell ,they have no patience or understanding of things. They just see a 7.5 p gamble rise to 9p so get panicky and take the money and run. That will always happen in any share. But those who have done a bit of research will know that this has not even started yet. This was 20p not so long ago but now it has MXCP backing it to the hilt and one of their TOP MEN Simon Duckworth OBE joining the company now he has finished with Accumuli which was sold recently. Check out his cv he is top drawer lol. Trust me he aint joined for the scenery. MXCP are the fastest growing merchant bank in the biz and they specialise in TECH. As does Mr Duckworth. This small rise is nothing at all. The real fun has yet to begin.
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