Wednesday, 25 June 2014

Bought & Sold

If you do the Twitter thing, follow me at @hotpixUK
or LinkedIn here http://uk.linkedin.com/in/tonysmiththathousingitguy

A piece of social housing ICT infrastructure news this week, you might have missed. Montal, Microsoft Gold Certified partner, who supply much of the social housing sector with cloud, hardware and other support services, were acquired by Castleton Technology PLC, for £3.84M on the 24th June 2014. You can read the full stock exchange text here - http://www.londonstockexchange.com/exchange/news/market-news/market-news-detail.html?announcementId=11991655

The press release states " Castleton is an AIM quoted public company focused on investing in the technology sector. Montal is the first acquisition of its strategy to build a managed services business focussed on the housing and public sectors. The transaction was arranged by our shareholders MXC Capital, who are also significant shareholders of Castleton. Ian Smith, managing partner of MXC Capital is the CEO of Castleton".

It will be very interesting how the experience of customers in the social housing sector goes, with these changes. Also, with a focus on managed services, where that that leaves Montals' IT Consulting team, is unclear.

Read on to a few more sales in the last few months: Keystone , Promaster, Northgate up for sale
 
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You can link with me on LinkedIn here - http://uk.linkedin.com/in/tonysmiththathousingitguy It would be great to connect !

Rory Gallaher - Bought & Sold.
(c) Tony Smith, Acutance Consulting www.acutanceconsulting.co.uk 07854-655009

PS As usual, if there are subjects you might like me to tackle on this blog, please get in touch and let me know!

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