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Maintel HoldingsAnnouncement

08/04/2016 07:20

      Acquisition    
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 Maintels 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 Maintels 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 Maintels 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.    
      Maintels 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. Azzurris 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/
      Maintel