RE: Softcat £3.5 billion partnership = amazing for £15 million mcap29 May 2024 13:21
From the respected Techmarketview:
Https://www.techmarketview.com/ukhotviews/
"Wednesday 29 May 2024
SysGroup partner with Softcat to expand AI/ML services
SysGroupMid-market managed services provider and reseller SysGroup has announced a partnership with infrastructure product and services firm Softcat, focusing on AI and Machine Learning (ML) opportunities.
SoftcatData analytics and ML is one of SysGroup’s five key areas (alongside data storage and management, data connectivity, data engineering, and IT security) which the company has segmented its technology into in order to support its end-to-end Managed IT Services business strategy (see Mixed results for SysGroup in H1 - managed services up, but overall revenue down). The company declared last year that the overarching theme of its strategy was to build an integrated data solution platform that “positions SysGroup as the go-to end-to-end data solution provider for SMBs embarking on their AI/ML journey”.
As my colleague, Kate Hanaghan, commented in the context of Softcat’s FY23 results last October (see Softcat progresses through FY23), Softcat had been refining its partner ecosystem in order to deliver a broad range of services to end customers (some delivered by the in-house team; some via partners). Today’s tie-up will bolster that overall partner provision with additional AI / ML expertise (beyond Softcat’s existing relationship with Microsoft around the pilot pilot), and also provide SysGroup with a key go-to-market route for its AI/ML offering too."