Cloudcoco Regulatory News (CLCO)

7 Jan 2008 11:40

Maxima Holdings PLC07 January 2008 7 January 2008 Maxima Holdings plc ("Maxima" or the "Company") Completion of Acquisition Maxima Holdings plc, (AIM: MXM), the integrated IT solutions and managedservices company, today confirms it has completed the acquisition of the tradeand assets of Eclectic Group Limited, a subsidiary of Glen Group plc (AIM: GLN),which was announced on 19 December 2007. The acquisition is in line with Maxima's consolidation strategy within thefragmented IT services sector and is anticipated to be earnings enhancing in theyear ending 31 May 2009. For further information, please contact: MaximaKelvin Harrison, Chief Executive 01242 211211Linda Andrews, Group Finance Director 0141 880 1000SmithfieldTania Wild / Reg Hoare 020 7360 4900 Notes to editors: Maxima Holdings plc floated on AIM in November 2004 at an issue price of 110p.It was established to acquire businesses supplying IT solutions and managedservices, with the objective of building a focused IT services group. Onflotation it immediately acquired Azur Holdings Ltd, bringing together amanagement team with the skill, experience and incentive to deliver significantshareholder value, through a combination of acquisitive and organic growth. Thebusiness implements and supports enterprise and infrastructure softwaresolutions for mid-sized, UK-based manufacturing, distribution and serviceorganisations. These solutions are based upon leading software suites as well asproducts developed in-house. It has since made a further ten acquisitions: •August 2005 - Ringwood Group plc, a specialist in content and document management solutions, based on Microsoft technologies; •September 2005 - Hanston Technology Partners Ltd, a fast growing managed services business providing applications support and consultancy services to Oracle users; •January 2006 - The MFG/PRO business of Seabrook Research Ltd, the sole Irish distributor of MFG/PRO, a manufacturing package for which Maxima was already the sole UK distributor; •May 2006 - QED Business Systems Ltd, which provides managed services for critical mainframe and mid-range computer systems and applications software; •October 2006 - Cognition Solutions Ltd, provider of enterprise software solutions to the construction and facilities management sector; and •November 2006 - IIL (Intertech Solutions Ireland) Ltd, which provides IT infrastructure solutions and managed services based upon Citrix technologies; and •March 2007 - SevenThree Ltd, supplier of customer relationship management software solutions to the construction sector •May 2007 - 3net Limited, an IT Services business, providing consultancy, solutions delivery and managed services in networking and security infrastructure •July 2007 - Centric Networks Ltd, which provides managed services for infrastructure software to a broad range of clients in the mid-market. •January 2008 - Eclectic Group Limited, which supplies software, consultancy, support and training in the areas of Business Intelligence and Corporate Performance Management (CPM). Maxima has grown to become an IT systems integration and managed servicescompany with a proven track record of delivering innovative and flexible ITsolutions and services. Maxima's in-depth knowledge of industry and business,coupled with its skills and understanding of leading software suites such asOracle, Microsoft and SAP ensures its solutions and services deliver realbusiness benefits. The group prides itself on the quality of its service, whichleads to strong customer relationships and high retention rates. This information is provided by RNS The company news service from the London Stock Exchange