Acquisition

LONDON--()--

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

Short Name: MAI
Category Code: ACQ
Sequence Number: 519989
Time of Receipt (offset from UTC): 20160407T181758+0100

Contacts

Maintel

Release Summary

Leading systems integrator and managed services provider, Maintel Holdings plc, today announced it has entered into an agreement to acquire Azzurri Communications (subject to shareholder approval).

Contacts

Maintel