The Newcastle IT services firm owned by Sage founder Graham Wylie has seen profits soar after a strategy to focus on building up recurring revenues continued to bear fruit. Latest accounts for Technology Services Group (TSG) show the business increased adjusted operating profit from £67,000 to £387,000, as more clients joined and continued to use […]

Endless has bought a £70m-turnover European IT company as it continues to shift its transformational investment strategy onto profitable companies. The Leeds private equity house has increasingly focused on acquiring and growing profitable businesses and the purchase of MTI Europe from US-based private equity fund Garnett and Helfrich Capital fits in with this approach. Ed Ransome, […]

Manchester has become a top 20 European digital city according to a recent report which looks at how well different cities support digital entrepreneurship. The latest European Digital City Index 2016, independently compiled by Nesta, the UK Innovation Foundation, ranked Manchester in 16th place out of 60 cities for young digital companies and start-ups. This […]

The Landing, MediaCityUK’s tech and enterprise hub, has announced more details of its new pay-as-you-go (PAYG) co-working space called Launch.  Situated on the 6th floor, Launch offers tech businesses a mix of co-working space together with access to a range of hi-tech testing labs, maker and prototyping workshops and development studios. Companies who sign-up for one of Launch’s flexible […]

IT SERVICES business Redcentric has revealed that the overstatement of its assets was more that originally suspected, leading to a plummeting share price yesterday. On its announcement that the cumula…

UKFast is celebrating another successful year for its flagship cloud range, eCloud, as annual recurring revenue from its exclusively UK-based cloud service grows 38% in a year to ££13.79m. UKFast CEO Lawrence Jones MBE attributes the success of eCloud to the support team underpinning it. The firm’s high level of customer retention has helped to deliver […]

Quint has opened a new office in Los Angeles as it looks to continue growing its overseas operations. Founded in 2009, Quint Group has over 100 staff, with 76 based at its head office in Macclesfield. It uses proprietary technology to provide a portfolio of online consumer credit services and brands. David Brooks has joined the […]

Communications solutions provider DXP has been awarded Supplier Status under the new Crown Commercial Services Technology Products’ TP2 agreement. Designed as a single supplier agreement for the whole of the public sector, TP2 aims to simplify the purchasing process by offering a flexible and compliant route to market for all commodity technology requirements. Based in […]

Communications provider Daisy is to acquire one of the UK’s largest independent IT managed services businesses in a £165m deal. Alternative Networks has offices in London, Manchester, Surbiton, Buckinghamshire and Kent, with the board of Lancashire based Daisy stating that the acquired company represents a “strong, complementary fit”. The deal will value the entire issued and to […]

DCC Technology, a £155m-turnover distributor of server and storage products is set to be acquired by a Lancashire-based company in a deal that values the business at more than £38m. DCC Technology, which trades as Exertis, has agreed to acquire Hammer Consolidated Holdings Ltd for an initial enterprise value of £38.3m. The transaction is conditional on […]

A technology and data security specialist is opening an office in Newcastle this month, creating a number of jobs for the region.  provides technology support and products to healthcare, regulated industries and blue chip corporates. Its Newcastle operation, which will be based in Brunswick Village, forms an extension of the company’s UK footprint. The new […]

Japanese IT services firm Fujitsu has announced plans to axe up to 1,800 staff roles in the UK, leaving the Manchester team at risk. The move will see approximately 18 per cent of its global workforce cut, has been branded a ‘hammer blow’ by trade union group Unite. The company employs 636 people in Manchester, […]

Gateshead IT business is investing more than £350,000 in facilities and has appointed new staff as part of its growth and expansion ambitions. Established in 2002 Advantex Network Solutions, counts Caterpillar and Hitachi Rail as customers, provides IT and telecoms services. The company secured a £75,000 grant from Let’s Grow North East as part of […]

In the 2016 Ward Hadaway North East Fastest 50 for 2016, Aspire Technology Solutions and Silverlink Software represent the technology sector. Aspire Technology Solutions, from Gateshead, is an award-winning managed services company specialising in hosted services, data centre solutions, communications and IT support, while Silverlink Software, from Newcastle is one of the most widely-used patient administration systems […]

   IT SERVICES provider Redcentric has sold some of its fibre networks to Gigabit City builder CityFibre in a deal worth £5m.  It says the transaction is “earnings neutral” as although it will cost the company £500,000 a year initially, reduced depreciation and interest charges offset the decline. The Harrogate-based company has disposed of 137km […]