Proposed Directors of Tirupati Graphite explain why they have requisitioned an GM. Watch the video here.
For those that thought MXCP was here to provide funding for CTP and that it was a bank for them to utilise now will see that MXCP have just bought a managed service business outright for cash. Those theories can now be put to bed. MXCP is run for MXCP share holders and yesterdays acquisition proves that. Nigel Wray bought £3.5 mill worth of MXCP Bolland, smith and weaver own the rest! Not long till this really takes off.
SPECIALIST merchant bank MXC Capital yesterday acquired tech firm Calyx Managed Services from Jon Moulton’s private equity outfit Better Capital for £9m. Headquartered in Manchester, Calyx provides information and communications technology along with cloud-based managed services to mid-market enterprises. For the year ended 31 December 2014, Calyx had a gross margin of £10.4m and a normalised earnings before interest, tax, depreciation and amortisation of £400,000. MXC said the business is capable of generating cash from the point of acquisition. “Calyx is a well-established business delivering a broad portfolio of ICT solutions to an impressive roster of customers,” said Marc Young, MXC’s boss. “We know the Calyx business well and it operates in markets we are already active in..there is an opportunity to create value for our shareholders from this investment.” Calyx will now sit in MXC’s existing investment portfolio of technology businesses, which includes Castleton Technology, 365Agile and Eagle Eye Solutions Group.
Nice find, no wonder they were determined to acquire the business, they know it inside out. £9 million in cash is a huge deal on aim and I expect people to start and wake up to the fact that yesterdays acquisition is a huge deal for MXCP and one that will transform the share price with the news flow on the back of this deal. Calyx and 365Agile are a huge business in the making.
One or two chunky buys now showing up. All looking good for the rest of the week.
it's certainly a larger transaction. It's a huge business in it's own right. MXC is pleased to announce that it has acquired Calyx Managed Services Limited ("Calyx") from Better Capital for a total consideration of £9 million, which has been satisfied using the existing cash resources of the Company. Calyx is headquartered in Manchester and has a national footprint. The business has an excellent track record of successfully delivering managed IT services to the UK mid-market through a strong portfolio of managed cloud, networking and mobility solutions. The management of MXC will seek ways to maximize the value of this investment whilst being careful to ensure that the Calyx customers continue to receive an uninterrupted high quality service. The investment will sit alongside MXC's existing investment portfolio of technology businesses which includes Castleton Technology plc, 365Agile Limited and Eagle Eye Solutions Group plc. In the year ended 31 December 2013 Calyx generated a gross margin of £10.1 million and a loss before tax of £7.4 million, partially as a result of the capital structure of the group. In the year ended 31 December 2014, management accounts for the business show a gross margin of £10.4 million and a normalised EBITDA of £400,000. MXC believes that the business is capable of generating cash from the point of acquisition. The gross assets of Calyx at 31 December 2013 were £10.4 million. Marc Young, Chief Executive of MXC said, "Calyx is a well-established business delivering a broad portfolio of ICT solutions to an impressive roster of customers. We know the Calyx business well and it operates in markets we are already active in. We believe there is an opportunity to create value for our shareholders from this investment."
No doubt that this acquisition is an all singing and dancing one which does the lot. Management have pulled off a cracking deal and now the serious work begins. Between CalyX and 365Agile they have the makings of a huge business and with a clear opportunity to expand in to the Internet of things and Big data what better than a managed services business? Looking forward to the next news flow already as this one will have many news days on the back of todays Acquisition.
Innovative ICT is now recognised as a fundamental part of any company's strategy for growth. Its ability to enable and support every part of the business means it has a role to play in every opportunity for creating competitive advantage in companies of all sizes. However, in-house implementation of ICT is becoming increasingly unsustainable. Whilst budget has been a factor in the past, with ICT becoming so complex, now it is more the lack of specialised internal skill-set make this prohibitive. It is imperative that businesses engage in ICT innovation in order to drive their wider strategic obejctives, but a single-technology solution is likely to prove unflexible and could potentially limit future innovation. Businesses must work with a Partner who can bring to bear a broad range of best-of-breed technologies for the benefit of their business. The most highly trained and accredited people in the country... At Calyx, our customers exploit our expertise to create versatile ICT solutions that actively meet the long-term strategic needs of the business. We are focused on understanding and meeting the specific needs of the Medium and Enterprise marketplace and boast partnerships with multiple, best-of-breed suppliers, whose technologies we maximise for the benefit of our customers. But most importantly, we have an exceptional workforce; our team boasts some of the most highly trained and accredited technical consultants in the country, and we are trusted to deliver exceptional expertise to our customers. Find out more about our Professional Services portfolio and how we can help you gain competitive advantage through ICT.
With mobility becoming a vital part of business today, your stakeholders - your customers, staff and suppliers - are increasingly geographically dispersed. But for your business to be successful, they need to be able to communicate easily with one another. At Calyx, we understand that you therefore rely on fast and effective communication across the entire supply chain, that any weak link can affect your ability to deliver a great customer engagement experience. And we understand that this means more than just your phone lines; it means Internet access, document sharing and email all securely accessible via a wide range of devices, all collaborating seamlessly. We want to make communicating as simple as possible. That's why we’ve built a portfolio of solutions that can be integrated to form one converged solution, tailored according to your needs, with the ability to flex as your business grows. ---- You can see where 365Agile can fit in with the mobility offerings. What a huge opportunity here for something special from MXCP. Now fully up and running with multiple income streams and on the way to becoming a huge company in their own right. I'm amazed you can still buy below 3p but I think that will change on the news today being digested.
Managing downtime is an area of increasing concern for IT Directors. Businesses are less and less able to accept downtime in their ICT: the cost of extended downtime - even as little as half an hour - in terms of lost productivity, potential lost sales and damage to brand reputation can be crippling for even the largest of businesses. And when you are bogged down with maintenance and management concerns, you don't have time to focus on ensuring IT remains at the centre of your business' strategy for growth. At Calyx, we provide a variety of managed services designed to help avoid downtime - and to take away the hassle when things do go wrong, meaning our customers are free to focus on their core strategic needs, knowing their existing systems are being monitored and maintained by a team of trusted ICT specialists. •In-house service and support: our support and service desks are managed in house by engineers familiar with you, your business and your solution, working to ITIL standards •24/7 service desk: staffed by ex-field engineers who are fully trained and qualified members of the Calyx team •Over 100 technical engineers: including instantly deployable field engineers located across the UK
Calyx is a UK based, UK focused IT Infrastructure Support business providing 24/7/365 vendor and technology independent support services. These services have historically been delivered directly to the UKs medium enterprise market but the strategy for growth includes an increasing focus on supporting the large System Integrators and Outsourcers (Partners). Calyx has established a dedicated team that works with the UKs largest System Integrators and outsourcers and currently deliver a variety of complementary services for these partners, many of which are complex and mission critical. This support includes: •Critical servers for Central Government Departments •Ticketing machines across most of the UKs train stations •Business critical equipment for one of the UKs largest car manufacturers •Business systems for a national retailer •Professional services for a number of local authorities With annual revenues of £30M and a headcount of 180 staff Calyx is an SME Service Provider as defined by the Government Procurement Service. We are already registered on a number of SME programmes with our existing partners. Our scale enables us to take a flexible approach to both the delivery of the service and the commercial construct of any potential deal. Calyx is a perfect size to enable such flexibility as our systems and processes are of a scale that mean we do not have to fit our partners into rigid models but can customise services precisely. ---------------- You can just see how management will enjoy this one. With Smith and bollands contacts with the it sector and in Capita this is one massive acquisition.
"Perhaps the only surprising aspect to this deal is that MXC acquired the business in its own right, rather than through one of its portfolio businesses," it said. "Nevertheless, given that a lack of scale was one of Calyx's key issues, it seems likely that MXC will not be the sole owner for too long." ******* I'm quite surprised by this too as I guess a lot of MXCP's time will need to be dedicated to CalyX now. I would suggest it's a huge job but one which will no doubt once broken up and sold off will pay a handsome reward for MXCP. £9 mill in cash with no dilution is a huge deal on AIM. it's making money from day one though so a very sweet deal indeed. Looking forward to the steady news flow here now :)
Great day today and looking good to continue the rise from here on. MXCP looking like a hidden gem but for how long?
expecting a lot ore news on the back of this one over the next weeks with EYE, ACM, CTP all signing up with MXCP and Calex!!!
Caylex will make money from day one management have stated. They will obviously have a direct rout to market via existing customers but with Montal and Documotive customers it just got even greater. This is a huge acquisition and puts MXCP on the map. This will move swiftly and 10p will be an initial target price for me in the near term. Once contracts start getting awarded from within the housing sector where MXCP have a huge presence we will see 10p come rather quickly.
This deal is one where they will build it up using their experience and with 365Agile they will be growing and earning from the very first day. Excellent acquisition and a huge deal.
Huge acquisition for MXCP MXCP Acquisition for £9 million MXC is pleased to announce that it has acquired Calyx Managed Services Limited ("Calyx") from Better Capital for a total consideration of £9 million, which has been satisfied using the existing cash resources of the Company. Calyx is headquartered in Manchester and has a national footprint. The business has an excellent track record of successfully delivering managed IT services to the UK mid-market through a strong portfolio of managed cloud, networking and mobility solutions. The management of MXC will seek ways to maximize the value of this investment whilst being careful to ensure that the Calyx customers continue to receive an uninterrupted high quality service. The investment will sit alongside MXC's existing investment portfolio of technology businesses which includes Castleton Technology plc, 365Agile Limited and Eagle Eye Solutions Group plc. In the year ended 31 December 2013 Calyx generated a gross margin of £10.1 million and a loss before tax of £7.4 million, partially as a result of the capital structure of the group. In the year ended 31 December 2014, management accounts for the business show a gross margin of £10.4 million and a normalised EBITDA of £400,000. MXC believes that the business is capable of generating cash from the point of acquisition. The gross assets of Calyx at 31 December 2013 were £10.4 million. Marc Young, Chief Executive of MXC said, "Calyx is a well-established business delivering a broad portfolio of ICT solutions to an impressive roster of customers. We know the Calyx business well and it operates in markets we are already active in. We believe there is an opportunity to create value for our shareholders from this investment."
Rest of the article here http://www.retailgazette.co.uk/articles/00410-eagle-eye-is-soaring
Very interesting article for EYE holders When Retail Gazette met Phil Blundell, the CEO at Eagle Eye, he presented the loyalty card of a well known coffee retailer and labelled it “the past” before pulling out his iPhone 6 and referring to it as “the future”. Eagle Eye was founded in 2003 and specialises in multichannel digital offers, vouchers and rewards. It has since received the backing of former Tesco CEO Sir Terry Leahy and other heavy weights including Bob Willett, (former CIO at Bestbuy and international retail aficionado). Blundell was bought on board to commercialise the business, and he is particularly buoyant when he meets Retail Gazette. This is not least thanks to the company’s current valuations, which are something of the Silicon valley type (share prices have increased 20p to £1.60), but also because Eagle Eye won twice over at the recent payment awards, beating Harris + Hoole in the ‘Engagement and Loyalty Scheme of the year’ sub-category as well as retailers including Starbucks with the ‘Overall Winner’ award. The awards came following Eagle Eye’s success with the British bakery chain Greggs, which is now the proud owner of an Eagle Eye software integrated app, changing the way customers shop with an automated coffee stamp. All that paper and plastic which becomes accumulated in consumers’ wallets means not much more than endless anonymous customers, interesting considering digital delivery is cheaper and will eliminate fraud. The customer journey ends with paper, but Eagle Eye software allows for basket data analysis. With it for example, Greggs can offer incentives like a free birthday doughnut (although as Blundell points out, you are hopefully at the Ivy on your special day) or One Stop can send a personalised message when you’re in store (‘Welcome Bob, 2-4-1 on Coca Cola’). With price-matching becoming a frequency amongst retailers, allowing customers to obtain items at the same price anywhere, brands need to differentiate themselves. “There is more transparency in pricing so there will be more couponing” explains Blundell, “this is where real-time data comes into play”. An example of which, comes into play with fashion brand Karen Millen. Previously working with a fulfillment system that was 24 hours of date, the premium retailer now offers a 90 minute delivery service operated for and behalf of Karen Millen, by Eagle Eye Solutions. Each customer possesses a code unique to them, which is scanned into the delivery driver’s PDA at point of drop off. In 2013, UK shoppers redeemed 603m coupons, up 35% from 2012 and worth around £1.7bn. The figures from Valassis, which works with 85% of the market, highlight the continuing upward trend in coupon redemption, volumes increasing 223% since 2010. Juniper anticipates that the global user base for mobile coupons will exceed 1bn by late 2