Panoply Holdings PLC - London-based IT consulting - Decides to change name to TPXimpact Holdings PLC, with all group businesses operating under the single TXPimpact brand. As part of the name change, the company will move to a single profit and loss reporting structure, with a single sales, account management and back-office structure in the UK, while also leveraging its development facility in Bulgaria. Panoply was formed from 4 founding businesses and since 2018 has acquired 13 more.
"The board believes that operating under one brand will simplify and strengthen its offer to clients, allowing it to increase brand awareness and continue to secure larger projects which have the potential to make more impact on society," Panoply says. "This new single brand is focused on the group's key vertical markets of central government, local government, healthcare, not for profit and commercial sectors, and is intended to offer those sectors a modern, full-service alternative for their digital transformation needs."
Current stock price: 256.50 pence, down 2.1% on Thursday
Year-to-date change: up 35%
By Tom Waite; thomaslwaite@alliancenews.com
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Tpximpact Hldg (TPX)