Feeds

4Front buys London training company

Seller to concentrate on high-end business

  • alert
  • submit to reddit

Security and trust: The backbone of doing business over the internet

4Front Technologies has secured a foothold in the technical training market through the acquisition of central London-based Penagen Training for $335,000 cash. Twelve staff, including Samantha Kinstrey, Penagen Training MD, will make the move over to 4Front. The new owner anticipates that Penagen will turnover at least $2 million in the first year following the acquisition, which will be accretive to calendar earnings in calendar 1999. Former parent company Penagen Group sold the training business because it had “created something bigger than we expected,” group MD Pat Kinstrey said. Under 4Front ownership, the training company would gain access to a much bigger customer base, he said Penagen will re-invest the money raised from the sale into Mycroft, a high-end networking consultancy JV with a US company of the same name. The sale of the training business will enable Penagen to get closer to Mycroft, according to Kinstrey. Employing almost 100 staff, Penagen also supplies IT infrastructure services to London’s Medialand, and numbers several ad agencies amongst its clients.®

New hybrid storage solutions

More from The Register

next story
Hey, Scots. Microsoft's Bing thinks you'll vote NO to independence
World's top Google-finding website calls it for the UK
Phones 4u slips into administration after EE cuts ties with Brit mobe retailer
More than 5,500 jobs could be axed if rescue mission fails
Phones 4u website DIES as wounded mobe retailer struggles to stay above water
Founder blames 'ruthless network partners' for implosion
Found inside ISIS terror chap's laptop: CELINE DION tunes
REPORT: Stash of terrorist material found in Syria Dell box
OECD lashes out at tax avoiding globocorps' location-flipping antics
You hear that, Amazon, Google, Microsoft et al?
Show us your Five-Eyes SECRETS says Privacy International
Refusal to disclose GCHQ canteen menus and prices triggers Euro Human Rights Court action
prev story

Whitepapers

Providing a secure and efficient Helpdesk
A single remote control platform for user support is be key to providing an efficient helpdesk. Retain full control over the way in which screen and keystroke data is transmitted.
WIN a very cool portable ZX Spectrum
Win a one-off portable Spectrum built by legendary hardware hacker Ben Heck
Storage capacity and performance optimization at Mizuno USA
Mizuno USA turn to Tegile storage technology to solve both their SAN and backup issues.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?
Security and trust: The backbone of doing business over the internet
Explores the current state of website security and the contributions Symantec is making to help organizations protect critical data and build trust with customers.