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IN BRIEF: AdEPT buys cloud-based networking firm Datrix for GBP9 million

Wed, 14th Apr 2021 14:21

AdEPT Technology Group PLC - London-based information technology provider - Completes acquisition of cloud-based networking, communications, and cybersecurity solutions firm Datrix Ltd for an initial cash consideration of GBP9.0 million. Says a further earn-out consideration of up to GBP7.0 million may be payable in cash dependent upon Datrix's trading performance in the 12-month period ending March 31, 2022. Notes the total consideration will be funded out of AdEPT's new bank facility.

"This acquisition is a game-changer for AdEPT, taking us to the forefront of next generation networking delivery. Datrix, with the outstanding new products and partners it brings, builds significantly on our capabilities, adding scale and extending both our expertise and our solution breadth, which will benefit our customers in this large and growing marketplace," says AdEPT Chief Executive Phil Race.

Current stock price: 278.00 pence, up 10% on Wednesday

Year-to-date change: up 26%

By Zoe Wickens: zoewickens@alliancenews.com

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11 Oct 2011 11:24

AdEPT wins £2.5m voice over internet contract

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Anglo American chairman invests £97,000

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19 Jul 2010 08:13

AdEPT Telecom Jeremiah Murphy Named Sales Director

LONDON (Dow Jones)--AdEPT Telecom PLC (ADT.LN), a provider of voice and data telecommunications services, said Monday that it has appointed Joseph Kristian Jeremiah Murphy, to the board as sales director with immediate effect. MAIN FACTS: - He joined AdEPT in February 2005 after beginning hi

6 Jul 2010 16:03

AdEPT Telecom continues to cut debt

Voice and data telecoms services provider AdEPT Telecom continued to reduce its borrowings and improved its underlying profits even though revenues fell in the year to March 2010. A decline in call volumes led to a reduction in fixed line telecoms revenues from £27.6m to £24m. Overall revenues wer

6 Jul 2010 07:48

AdEPT Telecom FY Pretax Loss GBP114,000 Vs Loss GBP1.40M

LONDON (Dow Jones)--AdEPT Telecom PLC (ADT.LN), an independent provider of telecommunications services for fixed line, mobile and data connectivity, Tuesday reported a full year pretax loss of GBP114,000, compared with a loss of GBP1.40 million a year earlier. MAIN FACTS: -Ebitda excluding n

12 Apr 2010 13:55

Big is beautfiful at AdEPT

Voice and data telecommunications provider AdEPT Telecom expects underlying earnings for the fiscal year just finished will be ahead of market expectations. The company said that it expected to extend its record of improving underlying earnings before interest, tax, depreciation and amortisation ye

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IN BRIEF: AdEPT buys cloud-based networking firm Datrix for GBP9 million

AdEPT Telecom to pay maiden dividend

AdEPT wins £2.5m voice over internet contract

Anglo American chairman invests £97,000

AdEPT Telecom Jeremiah Murphy Named Sales Director

AdEPT Telecom continues to cut debt

AdEPT Telecom FY Pretax Loss GBP114,000 Vs Loss GBP1.40M

Big is beautfiful at AdEPT

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