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Reading over the Lyons comments it sounds very likely that we are now looking at the Redcentric model. "We are going to focus on offering customers an integrated platform that enables customers to get a competitive advantage," he said. "As a result of that, that's going to [mean] bringing a range of technology and services, because what SMBs want is one company; one trusted adviser they can turn to for their IT needs." Pinn becoming a one stop shop for all your IT needs is clearly the remit and with the lyon having a track record of achieving transformational growth who would bet against them achieving it? With a Mcap of only £5 mill this has miles to go. 5 Bag 10 bag? I would say he latter!
Lyons has joined embattled MSP Pinnacle Technology Group as its executive chairman and claims he sees a "huge market opportunity" for the comms and IT security specialist. Back in April, channel investment vehicle MXC Capital – which is renowned for building MSPs via acquisitions – took a 10 per cent stake in the firm. Lyons, who joined MXC in November, said his appointment comes as part of this investment. "MXC was appointed by Pinnacle to advise on the company's strategy and also to identify acquisition opportunity," he told CRN. "I am in effect delivering against that promise and I will be the person on MXC's behalf with Pinnacle to drive forth that strategy to identify acquisition opportunities." Owing to its status as a public firm, Lyons remained tight-lipped on where these acquisitions will fall but said Pinnacle will look to provide SMBs with a broad spectrum of technology. "We are going to focus on offering customers an integrated platform that enables customers to get a competitive advantage," he said. "As a result of that, that's going to [mean] bringing a range of technology and services, because what SMBs want is one company; one trusted adviser they can turn to for their IT needs." Prior to joining MXC in November, Lyons was CEO at security VAR Accumuli, and oversaw its integration with NCC Group following its takeover earlier this year. During his time at Accumuli, Lyons led a number of acquisitions, and Pinnacle's non-executive director Tom Black said this places him well to join Pinnacle. "We believe that Gavin's experience of buy-and-builds and track record of achieving transformational growth will be a powerful asset to the company," he said in a company statement. "We are certain that his strong track record of success and considerable strategic ability will align with the company's business objectives, engendering fresh growth." Lyons added he was enthused by the ethos of Pinnacle's staff, and could see a real chance for expansion at the firm. "This is a journey for Pinnacle to go on and achieve this potential," he said. "It's a company that has the ability to take advantage of a huge market opportunity. Just look at the sheer number of SMBs in the market and how many need a MSP to help them with their business. They need someone who can help their business grow and I think that's where we can help them by utilising IT as a transformational agent." Following his arrival at Pinnacle, its current non-executive chairman James Dodd will stay on the board until the firm's annual general meeting in March when he will step down, Lyons said.
Just took another 140k before it gets going.
Maybe theirs is bigger than yours :) Look at it like this. Merchant bank famous in the city for buy and build announce they are about to start one: How many fundies instis heavyweight investors will be sitting saying I will have some of that? I would imagine a good few yeah?
Looks like orders getting filled.
This does seem like the calm before the storm....I thin trade are being held back or the tap turned off. The brakes will have to come off soon though as this is being manipulated imo.
Singers the largest MM on 25k nms looking to scoop up any sells. I assume they have a larger order to fill. I wonder how long this will take? That will depend on profit takers which are in very short supply. Thye might need to run this up to free up some additional stock
Nice one,quite fortunate to get that many @ that price as I feel that orders will be getting priority over stock in the background.
It's a buy 9.15p and above are buys.
This from the Business Quarter Lyons has enjoyed a distinguished career in the TMT sector, most recently joining IT security specialist Accumuli PLC as CEO in 2012, and spearheading a successful buy and build strategy that saw it sold to NCC Group plc for £55m in October. Prior to Accumuli PLC, he was head of telecoms & utilities UK&I at SAP and held various senior positions at Trend Micro, having also worked at Xerox, Compuware and The Caudwell Group. During his career, he has been involved in three exits, generating close to £100m in value, as well as completing several acquisitions and integrations. So, very nice to see us with someone of this quality running the company. Couple this with MXCP and the growth will be very rapid. It's very easy to between 400 and 600 % over the next 12 months.
Normally I would have said that was very presumptuous of you but I won't. Instead I will echo your thoughts and say welcome. Oh, you meant the guys who invested yesterday? I was offering a preemptive welcome for our new investors today. I think the bell will see a blue open.
Excuse the pun But has the duck lined all this up? Lyons has come on board after 9 months of guidance from MXC and some strategical work from the inside out from Simon Duckworth (The duck) This is Taylor made for Lyons as per his previous position with Accumuli. These couple of sentences say it all. “We are certain that his strong track record of success and considerable strategic ability will align with the company’s business objectives, engendering fresh growth and as a result, we believe we will be better positioned to expand our solution set across a growing base of customers and be the 'capability partner' of choice.”
PINN now have Simon Duckworth on the board ex accumuli and Gavin Lyons from MXCP ex Accumuli. PINN recently won a security contract with Baxters which was a signal of them going down the road that Accumuli went down with Duckworth and Lyons. Join The Dots!!
Very interesting back ground in Telecoms, Very interesting regarding the buy and build strategy, Very interesting that PINN have stated they are in the acquisition phase. Do your own homework but PINN will be ready to take off very soon imo. MXCP have stated they see their investee companies as mid tier. They have done the majority of their work with CTP and PINN is on the floor. It's looking like it's PINN's time. Gavin has had a distinguished career in the TMT sector, most recently as CEO of Accumuli PLC, a successful MXC backed buy and build in the IT security sector sold to NCC Group plc for £55m. Prior to Accumuli, Gavin was Head of Telecoms & Utilities UK&I at SAP SE and held a senior position at Trend Micro Inc. having also worked at Xerox, Compuware and The Caudwell Group.
Very interesting back ground in Telecoms, Very interesting regarding the buy and build strategy, Very interesting that PINN have stated they are in the acquisition phase. Do your own homework but this one will be ready to take off very soon imo. Gavin has had a distinguished career in the TMT sector, most recently as CEO of Accumuli PLC, a successful MXC backed buy and build in the IT security sector sold to NCC Group plc for £55m. Prior to Accumuli, Gavin was Head of Telecoms & Utilities UK&I at SAP SE and held a senior position at Trend Micro Inc. having also worked at Xerox, Compuware and The Caudwell Group.
So that's Simon Duckworth Ex Accumuli on the board of PINN and now Gavin Lyons Ex Accumili appointed by MXCP. It really does look like PINN will be going into security and will announce big news at some point soon.
MXC (AIM: MXCP) the Aim quoted technology focused merchant bank is pleased to announce a senior appointment. Gavin Lyons joins MXC as a Partner, adding strength to the team that identifies investment opportunities as well as supporting the management of our investee companies. Gavin has had a distinguished career in the TMT sector, most recently as CEO of Accumuli PLC, a successful MXC backed buy and build in the IT security sector sold to NCC Group plc for £55m. Prior to Accumuli, Gavin was Head of Telecoms & Utilities UK&I at SAP SE and held a senior position at Trend Micro Inc. having also worked at Xerox, Compuware and The Caudwell Group. Peter Rigg, Chairman of MXC, said: "We know Gavin well having supported him during the build of Accumuli - he has a proven management track record. Gavin is a great addition as we continue to build out our team to support our growing deal flow."
very interesting with the BBC affiliation. PINN were contracted by the BBC at the 2012 Olympics from memory so could well be a link there? very interesting and she's going to be here for a specific job imo Could well be news of significance here very soon. 12p target according to Zak mir
very interesting with the BBC affiliation. PINN were contracted by the BBC at the 2012 Olympics from memory so could well be a link there? very interesting and she's going to be here for a specific job imo
rns from mxcp MXC, the technology focused merchant bank, today announces the appointment of Meriel Lenfestey as a further Non Executive Director to strengthen the Board of the Company. Meriel is an experienced Director with directly relevant experience in both technology and investment with more than 17 years' experience at Board level. Meriel has worked at Microsoft and the BBC before becoming a successful entrepreneur. Meriel is currently a strategic adviser to Jersey Telecom and a non-executive Director of JVM PCC a Microsoft Ventures backed early stage technology fund. Peter Rigg Chairman of MXC said: "We are delighted to welcome Meriel to the Board of MXC. I believe her mix of skills across technology and investment combined with her entrepreneurial spirit will be an excellent fit with the Company." This could be of significance to PINN: Things are starting to get interesting and now approx 8 months under the guidance of MXCP PINN will be ready to start and move.