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Following completion of the Acquisition, the focus of the Enlarged Group will be on driving sales growth by leveraging the sales expertise of the CloudCoCo team alongside the existing infrastructure within Adept4 in order to build value for all stakeholders.
This sales growth is expected to come from both harvesting the strong relationships with existing customers of the Enlarged Group as well as from new customers.
The focus of the Enlarged Group will be on winning multi-year recurring revenue contracts with the intention that the visibility and profitability of the business improves across future years.
In addition, the Enlarged Group intends to expand its ecosystem of partners and supplier relationships in order to provide a range of flexible IT solutions to its customers via a simplified and agile approach.
CloudCoCo aims to offer its customers a simplified approach to IT services. Though only recently established, CloudCoCo is currently trading profitably and has a strong and growing pipeline of new business opportunities.
CloudCoCo brings with it a very strong and experienced sales and business development team.
Adept4’s top 20 customers represent c.50 per cent. of its revenue and profitability and they will be a focus for the team at CloudCoCo. The CloudCoCo management team has already shown its ability to win new business using its agile sales methodology and believes that the customer base of Adept4 will respond positively to this modern way of working.
CloudCoCo’s strategy is to focus on winning multi-year recurring revenue contracts with the intention that the profitability of the business improves across future years. It has already signed multi-year contracts with respected customers.
Yes indeed Degsy, potential game changing news stacking UP, and only 4 trading days to go AD4 officially joins the CloudCoCo Group Plc....the future starts now and it's going to be BIG!!! Gla ;-)
Thumbsupuk yes very exciting. Big big news on coming Monday. I wonder if they will announce the two New very large clients the same day they officially join AD4.
There’s a company revival and rebuild going on here look between the lines IMO. Shot to 16p in 2016 and originally traded at £4 in 2005. I’d be happy to see the 85p RCN target reached. This is not a time to be on the sidelines. Here’s to all the faithful holders:)
Wow!! the new leadership taking over next week were at Redcentric before ticker RCN. Look at the share price 85p! These guys have already made a tremendous success of Cloudcoco since they set it up in 2017 after they left RCN. They are very well connected in the industry! They’ll now be back in charge of a PLC company and if they can get these shares even over 10p I’d be well happy! over 20p and they’re well on their way to beating RCN’s .85pbwhich would be amazing! The future is very bright here and can’t wait to see who these 2 new large clients are. I’m sure they’ve probably signed some more up since as well. This Sp is going to rocket!! And has so much upside potential to start moving fast! GLA