Feeds

4Front buys London training company

Seller to concentrate on high-end business

  • alert
  • submit to reddit

The essential guide to IT transformation

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.®

5 things you didn’t know about cloud backup

More from The Register

next story
6 Obvious Reasons Why Facebook Will Ban This Article (Thank God)
Clampdown on clickbait ... and El Reg is OK with this
Mozilla's 'Tiles' ads debut in new Firefox nightlies
You can try turning them off and on again
No, thank you. I will not code for the Caliphate
Some assignments, even the Bongster decline must
Banking apps: Handy, can grab all your money... and RIDDLED with coding flaws
Yep, that one place you'd hoped you wouldn't find 'em
TROLL SLAYER Google grabs $1.3 MEEELLION in patent counter-suit
Chocolate Factory hits back at firm for suing customers
Primetime precrime? Minority Report TV series 'being developed'
I have to know. I have to find out what happened to my life
Ex-IBM CEO John Akers dies at 79
An era disrupted by the advent of the PC
prev story

Whitepapers

Top 10 endpoint backup mistakes
Avoid the ten endpoint backup mistakes to ensure that your critical corporate data is protected and end user productivity is improved.
Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Backing up distributed data
Eliminating the redundant use of bandwidth and storage capacity and application consolidation in the modern data center.
The essential guide to IT transformation
ServiceNow discusses three IT transformations that can help CIOs automate IT services to transform IT and the enterprise
Next gen security for virtualised datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.