Roundtable Discussion; The Future of Mineral Sands. Watch the video here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksMaintel Regulatory News (MAI)

Share Price Information for Maintel (MAI)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 250.00
Bid: 240.00
Ask: 260.00
Change: 0.00 (0.00%)
Spread: 20.00 (8.333%)
Open: 250.00
High: 250.00
Low: 250.00
Prev. Close: 250.00
MAI Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Acquisition

8 Apr 2016 07:20

Maintel to acquire Azzurri Communications

London, UK – 08 April 2016: Leading systems integrator and managed services provider, Maintel Holdings plc, today announced it has entered into a conditional agreement to acquire Azzurri Communications. The acquisition is a key component in Maintel’s strategy to grow and diversify its revenue base.

Azzurri Communications is an established technology and managed communications provider, offering a variety of communication services including telephony, mobile services, document management, workforce optimisation, security, unified communications as a service and managed services. The acquisition will further strengthen Maintel’s market position across both the private and public sectors.

Commenting on the proposed acquisition, Eddie Buxton, CEO at Maintel, said:

“Azzurri Communications is a highly respected business with a complementary product offering and target market, which will provide enhanced scale and visibility for the combined group. This acquisition will accelerate Maintel’s shift into hosted cloud and data, ensuring we are well positioned to take advantage of these high growth areas of the unified communications market. It will also build scale in managed services, continuing the shift in our business mix, which we have been driving following previous acquisitions.”

With the addition of Azzurri Communications, the enlarged group will provide a broad suite of solutions and services including a network services division, a mobile division, managed services, and technology and professional services. The new combined business will become one of the largest and highly skilled resellers in the communications sector.

Eddie Buxton continues:

“With the acquisition of Azzurri, Maintel will also gain a new set of highly skilled and professional team members. We are looking forward to welcoming Azzurri employees to the group.”

Chris Jagusz, CEO of Azzurri Communications said:

“We are really pleased at the prospect of joining Maintel because this enables the combined business to offer its customers a broader range of services. Our employees will benefit too by being part of one of the most significant players in our market”.

Earlier today, Maintel announced revenues for 2015 of £50.6m, rising from £41.9m in 2014. This 21% boost in revenue reflects the continuing success of integrating its previous acquisitions of Datapoint and Proximity Communications with recurring revenue of 69%.

ENDS

About Maintel

Maintel is a leading systems integrator and managed services provider, delivering best-of-breed communications solutions to a broad spectrum of businesses in the UK and internationally.

Maintel’s core expertise encompasses unified communications, contact centre solutions, workforce optimisation, networking & security, mobile and connectivity services. By combining skills and technologies from vendor and carrier partners with the highly accredited capabilities of its in-house experts, Maintel provides complete end-to-end solutions delivered on-premises or via the cloud to a broad spectrum of businesses in the UK and internationally. For more information, visit www.maintel.co.uk

About Azzurri

Azzurri Communications is transforming UK organisations through technology and managed services. Since 2000, Azzurri has helped its customers to become faster, more connected and more competitive by delivering unrivalled expertise and award-winning services. Azzurri’s flexible services and integrated solutions include unified communications, enterprise mobility and flexible working, networks, contact centres and document solutions.

Today, Azzurri is focused on delivering transformational solutions for mid-market private and public sector organisations. Azzurri helps securely connect organisations with their people and their customers, in the office, on the move and in the cloud.

Contact

Jon Bawden / Kate Anderson

Cohesive Communications (on behalf of Maintel)

01291 626200

maintel@wearecohesive.com

View source version on businesswire.com: http://www.businesswire.com/news/home/20160407006659/en/

Copyright Business Wire 2016

Date   Source Headline
11th Mar 20082:45 pmRNSHolding(s) in Company
29th Feb 20083:52 pmRNSDirector/PDMR Shareholding
1st Feb 20081:50 pmRNSDirector/PDMR Shareholding
31st Jan 200811:46 amRNSTotal Voting Rights
17th Jan 20089:21 amRNSTransaction in Own Shares
3rd Jan 20083:42 pmRNSDirector/PDMR Shareholding
31st Dec 20077:00 amRNSTotal Voting Rights
10th Dec 200710:16 amRNSTransaction in Own Shares
3rd Dec 20072:16 pmRNSDirector/PDMR Shareholding
1st Nov 20079:07 amRNSDirector/PDMR Shareholding
1st Oct 20072:37 pmRNSDirector/PDMR Shareholding
10th Sep 20077:01 amRNSInterim Results
3rd Sep 200712:48 pmRNSDirector/PDMR Shareholding
8th Aug 20073:10 pmRNSAIM Rule 26
3rd Aug 200711:56 amRNSAcquisition
1st Aug 20074:27 pmRNSDirector/PDMR Shareholding
2nd Jul 200711:45 amRNSDirector/PDMR Shareholding
31st May 200712:29 pmRNSDirector/PDMR Shareholding
30th Apr 20073:27 pmRNSDirector/PDMR Shareholding
25th Apr 20073:37 pmRNSDirector/PDMR Shareholding
2nd Apr 200710:53 amRNSDirector/PDMR Shareholding
28th Mar 20073:16 pmRNSHolding(s) in Company
12th Mar 20077:01 amRNSFinal Results
1st Mar 20079:30 amRNSDirector/PDMR Shareholding
1st Feb 200712:05 pmRNSDirector/PDMR Shareholding
26th Jan 20073:59 pmRNSHolding(s) in Company
22nd Jan 20077:01 amRNSHolding(s) in Company
3rd Jan 200712:46 pmRNSDirector/PDMR Shareholding
22nd Dec 200611:40 amRNSTotal Voting Rights
30th Nov 20063:41 pmRNSDirector/PDMR Shareholding
4th Oct 20067:00 amRNSHolding(s) in Company
28th Sep 20067:01 amRNSTransaction in Own Shares
11th Sep 20067:01 amRNSTransaction in Own Shares
7th Sep 20067:01 amRNSInterim Results
20th Jun 20061:41 pmRNSHolding(s) in Company
13th Jun 200610:18 amRNSTransaction in Own Shares
12th Jun 20061:30 pmRNSAcquisition
13th Mar 20067:01 amRNSFinal Results
22nd Feb 20067:01 amRNSContract Win
10th Jan 20069:23 amRNSDirector/PDMR Shareholding
21st Dec 20052:51 pmRNSDirector/PDMR Shareholding
20th Dec 20055:07 pmRNSDirectorate Change
16th Nov 200512:35 pmRNSTransaction in Own Shares
21st Oct 20055:38 pmRNSTransaction in Own Shrs-Amend
17th Jun 20053:21 pmRNSHolding(s) in Company
25th May 20059:02 amRNSTransaction in Own Shares
4th May 20055:54 pmRNSTransaction in Own Shares
3rd May 20055:31 pmRNSTransaction in Own Shares
11th Mar 20057:00 amRNSFinal Results
19th Jan 20054:41 pmRNSHolding(s) in Company

Due to London Stock Exchange licensing terms, we stipulate that you must be a private investor. We apologise for the inconvenience.

To access our Live RNS you must confirm you are a private investor by using the button below.

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.