Oh no, you're thinking, yet another cookie pop-up. Well, sorry, it's the law. We measure how many people read us, and ensure you see relevant ads, by storing cookies on your device. If you're cool with that, hit “Accept all Cookies”. For more info and to customize your settings, hit “Customize Settings”.

Review and manage your consent

Here's an overview of our use of cookies, similar technologies and how to manage them. You can also change your choices at any time, by hitting the “Your Consent Options” link on the site's footer.

Manage Cookie Preferences
  • These cookies are strictly necessary so that you can navigate the site as normal and use all features. Without these cookies we cannot provide you with the service that you expect.

  • These cookies are used to make advertising messages more relevant to you. They perform functions like preventing the same ad from continuously reappearing, ensuring that ads are properly displayed for advertisers, and in some cases selecting advertisements that are based on your interests.

  • These cookies collect information in aggregate form to help us understand how our websites are being used. They allow us to count visits and traffic sources so that we can measure and improve the performance of our sites. If people say no to these cookies, we do not know how many people have visited and we cannot monitor performance.

See also our Cookie policy and Privacy policy.

This article is more than 1 year old

Redcentric swoops on Calyx Managed Services in £12m breakup deal

Dismemberment set to continue

Managed services biz Redcentric has snapped up Calyx Managed Services (CMS) for £12m, as part of the company's break-up.

Last week, Calyx's maintenance and carrier services divisions were offloaded to Daisy Group and Chess, respectively, for a total of £5.5m.

The carve up follows the purchase of Calyx MS by MXC Capital, with Better Capital offloading the troubled operation for the sum of £9m in January.

According to TechMarketView, MXC Capital is also a substantial shareholder in Redcentric.

Kate Hanaghan, research director at TechMarketView, said: "Clearly the intention behind the original CMS purchase was to gain access to the managed services assets only (which generated £9.1m in revenue in full-year 2014) in order to bolster Redcentric’s capabilities."

She added: "A trading update issued earlier this month indicated that revenue and EBITDA (earnings before interest, taxes, depreciation, and amortization, a key business metric) for the full year would be “comfortably in line with market expectations."

"That followed an H1 performance that we described as being 'rather convincing', with revenue up 11 per cent organically to £46.8m and adjusted EBITDA up 32 per cent to £10.1m. The addition of CMS will enhance Redcentric’s delivery capabilities and open up opportunities for cross-selling services."

Manchester-headquartered Calyx had three basic operations: managed services, break fix and WAN reselling. It employs around 200 staff. ®

Similar topics

Similar topics

Similar topics

TIP US OFF

Send us news


Other stories you might like