Articles about Calyx

Business people move through revolving door. Photo via Shutterstock

Count 'em and weep: Intrinsic looking for fifth CEO in five years

The high office revolving doors at Intrinsic Technology are clearly still swinging - the company is on the hunt for its fifth CEO in five years after attempts to find a buyer ended unsuccessfully. Top dog Mark Bates has left the organisation after two years in charge and been replaced on an acting basis by non-exec chairman …
Paul Kunert, 21 Jun 2016

Redcentric slurps bit barn biz City Lifeline for £4.8m

IT managed services provider Redcentric has snapped up East London-based bit barn operator City Lifeline for £4.8m. The data centre biz, nestled in the heart of the capital's Tech City alongside the likes of cornflake 'restaurant' Serial Killer, adds 28,0002 ft of space and 600 racks to Redcentric's portoflio. "This is a low …
Kat Hall, 29 Jan 2016

Your browser history, IP addresses, online purchases etc all up for grabs without a warrant

Following a decade-long legal battle, the details of a US national security letter (NSL) sent to ISP owner Nicholas Merrill can finally be revealed. The broad details have been known for some time, and a recent court decision all but listed the personal information that Merrill was told to hand over on all of his ISPs' …
Kieren McCarthy, 30 Nov 2015

Redcentric: Firmly in the black despite Calyx slurp costs

The cost of acquiring and integrating Calyx left a dent in the half-year bottom line numbers for mid-market managed services slinger Redcentric – the only blot in an otherwise decent trading period. Turnover for the six months ended 30 September bounced 15 per cent to £54m. Excluding the contribution from Calyx, acquired in …
Paul Kunert, 09 Nov 2015
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Redcentric lines up COO as new CEO

Managed services outfit Redcentric has confirmed operations chief Fraser Fisher is to jump into the CEO chair in the not-too-distant future. In a statement to the City, the AIM-listed firm its revealed succession plans with current head Tony Weaver to step down on 9 November when interim results are filed. Weaver is to remain …
Paul Kunert, 30 Sep 2015
£10 notes. Pic: Howard Lake

Channel vets eyeing up investments from atop mount cash

Channel merchant bank MXC Capital is sitting on a pile of cash and finance facilities that will be used to grab minority stakes in managed services outfits, software players and FinTech start-ups. The London Stock Exchange-listed buy and build vehicle founded by industry vets Ian Smith and Tony Weaver yesterday acquired …
Paul Kunert, 26 Aug 2015
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Revenue up 62 per cent, as Redcentric posts bumper post-buy results

Managed services biz Redcentric reported a significant increase in sales and profits for its full-year 2015 results, as the firm's acquisition strategy began to bear fruit. The Yorkshire outfit posted an increase in revenue of 62 per cent to £94.3m, compared with 2014. Profits rose to £8m from £1.8m for the same period. The …
Kat Hall, 15 Jun 2015

Redcentric swoops on Calyx Managed Services in £12m breakup deal

Managed services biz Redcentric has snapped up Calyx Managed Services (CMS) for £12m, as part of the company's break-up. Last week, Calyx's maintenance and carrier services divisions were offloaded to Daisy Group and Chess, respectively, for a total of £5.5m. The carve up follows the purchase of Calyx MS by MXC Capital, with …
Kat Hall, 02 Apr 2015

Calyx Managed Services break-up begins. Just like we told you

The expected break-up of Calyx Managed Services has started, with the maintenance and carrier services divisions offloaded to Daisy Group and Chess Ltd respectively for a total of £5.5m in cash. It always seemed inevitable that Calyx MS would be carved up and sold off when private equity fund MXC Capital paid £9m to buy the …
Paul Kunert, 24 Mar 2015

Ailing Calyx Managed Services flogged to MXC Capital for £9m

Private equity fund Better Capital has offloaded troubled Calyx Managed Services to tech investment and advisory house MXC Capital for £9m in what signifies a likely break-up of the biz. VC veteran Jon Moulton’s Calyx MS came on the market before Christmas, with corporate financier Rickitt Mitchell & Partners distributing an …
Paul Kunert, 23 Feb 2015
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Industry vet rocks up at Phoenix Software

Industry and distribution veteran Johnny Ellis has crossed into reseller land for the first time, rocking up as sales and marketing director at York-based Microsoft enterprise licensing partner Phoenix Software. Ellis, who only exited Arrow Enterprise Computing Solutions at the end of November, will also control the S&M …
Paul Kunert, 05 Dec 2014

More Azzurri execs run for the hills, turnover keeps sliding

The exit of two more senior figures at Azzurri Comms has spooked the company's sales floor amid falling fiscal '13 turnover and customers expressing concerns about handing projects to the firm. According to Channel Register sources, morale at the south coast-based integrator has hit rock bottom as the turnaround plan falters and …
Paul Kunert, 06 Nov 2013
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Esteem Systems bosses ponder selling themselves

Top brass at mid-market channel player Esteem Systems are reviewing future options and may again begin a formal process aimed at selling the operation. The business was almost sold to integrator Calyx in 2008, but the acquirer's backer Anglo Irish Bank pulled the funding as credit availability was swallowed up in the crunch. …
Paul Kunert, 14 May 2013
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Bulging Kelway: Too big to get out of the obvious exits

Phil Doye acknowledges that 21 years after setting up reseller Kelway, he still doesn't have a key for the exit. The London-based firm is moving to rapidly integrate new buy Equanet, the once mighty IT dealer that was taken over by Dixons in 2007 and subsequently pulled apart and bent out of shape. The transaction is expected …
Paul Kunert, 25 Mar 2013
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Blighty's IT support services to decline in 2013, 2014, 2015....

2013 will be a "make or break year" for some IT firms in the declining UK support services space, according to the venerable beancounters at TechMarketView. In TMV estimates, the UK IT support and maintenance market declined 3.5 per cent in 2012 to £1.76bn, is set to fall 3.5 per cent again this year and by 2.5 per cent in the …
Paul Kunert, 11 Mar 2013
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'My work here is done, tata!' - Calyx Managed Services chief

Calyx Managed Services (MS) is splitting with CEO Martin Mackay after less than two years in the seat. Former Azzurri ops director Steve Clark will replace him. The departure date of Mackay, former European bigwig at Northgate Information Solutions and international veep at VeriSign is confirmed as the end of August. He pitched …
Paul Kunert, 31 Jul 2012
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Better Capital's m-hance coughs £6.8m for Maxima units

Managed services provider Maxima has started to carve up non-core operations by offloading the Document Management, Intellect and Microsoft-reselling sub divisions to Better Capital-backed m-hance for £6.8m. Troubled UK-based Maxima's flirtations with admirers came to nothing, so bosses hired buy-and-build specialist Ian Smith …
Paul Kunert, 29 Feb 2012
The Register breaking news

Ancient tulip-like stomach-onna-stick creatures found in Rockies

Fossil-boffins probing into the remains of a soft-bodied tulip animal that lived in the Rockies 500 million years ago have just published a paper revealing the secrets of the weird creature. Essentially stomachs on stalks, the tulip-shaped creatures known as Siphusauctum gregarium lived in great herds and are the most commonly …
Anna Leach, 20 Jan 2012
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Acquisitive reseller plots 'buy and build' trajectory

The boss at acquisitive software reseller and managed service provider m-hance claims the Microsoft mid-market channel is ripe for consolidation. Mark Thompson was brought on board as CEO by Fiona Timothy, chairman at Calyx – acquired by Better Capital in September 2010 – having previously worked together in the management team …
Paul Kunert, 02 Nov 2011
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Calyx owner Better Capital stages reseller roll-up

Private equity house Better Capital has merged seven specialist mid-market software resellers under the m-hance brand with a single management team. Microsoft ERP and CRM dealer Gyrosoft, the hosting and software development biz at MentecPlus and the mid-market client list from MS Dynamics and Sage dealers Sys-Care and Avant- …
Paul Kunert, 01 Nov 2011
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Calyx gives up reselling, axes jobs

Calyx has disbanded its reselling team with the loss of some jobs as it pins future growth ambitions on managed services and cloud computing. The Better Capital-owned outfit, which is also parting with CTO Joe Mayhew, said it is on the lookout for potential acquisitions in the space to boost its standing. Martin Mackay, CEO at …
Paul Kunert, 15 Sep 2011
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VC Moulton refuses to stay stationary, gets into stationery

Jon Moulton's private equity vehicle Better Capital is getting into the wholesaling of pencils, paper and print consumables by acquiring the UK and Irish operations of stationery and office products distributor Spicers. The colourful entrepreneur re-entered the UK IT channel in September by pulling troubled networking integrator …
Paul Kunert, 06 Jul 2011
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Calyx Software seals two reseller acquisitions for £6m

Private equity veteran Jon Moulton's buy-and-build vehicle Better Capital has forked out £6m for Cheshire-based developer Trinity Computer Services and the software reselling arm of Touchstone Group to bolt onto Calyx Software. These represent the first two acquisitions that Moulton has made since he rescued Calyx from …
Paul Kunert, 07 Jun 2011

On VDI and storage architectures

One of the most complex aspects of desktop virtualisation is working out what to do with all the users' data. Sizing and planning storage infrastructures to support hundreds or thousands of remotely-hosted desktops is a daunting prospect, especially to those who have relied heavily on local PC hard drives in the past. What is …
Robin Birtstone, 13 Apr 2011
The Register breaking news

Parliament's expenses body spent £2.2m on IT

The newly minted Independent Parliamentary Standards Authority has spent £2.2m on IT to get itself up and running, a commons answer revealed yesterday. Bob Russell MP asked what services Calyx UK provided to the authority and whether it had considered other suppliers. Charles Walker, representing the Speaker's Committee for the …
Joe Fay, 04 Mar 2011
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Healy vacates top slot at Calyx

Maurice Healy has resigned as CEO of Calyx, the Anglo-Irish reseller group he navigated through a €104m MBO last year, ENN.ie reports. His replacement is Tara Brady, who joined the company from Getronics in June as chief operating officer. Healy remains a shareholder. Flag Ireland
Team Register, 15 Aug 2008

It's a long way from Cupertino to Roswell, but we'll get there

For those of you who may have missed it, a Cupertino-based company called Apple launched a mobile phone in the US last Friday and sold an awful lot of them over the weekend. It would be hard to miss the iPhone, of course, because it seemed not a single story about mobile phones has gone by without a reference to it - at last …
Billy MacInnes, 05 Jul 2007
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Calyx shareholders approve MBO

Shareholders in the IT services firm Calyx have voted overwhelmingly in favour of a management buyout by chief executive Maurice Healy and his management team. The buyout is worth €103.8m. Healy currently owns 19.3 million shares in Calyx, representing almost 28 per cent of the company. Under the terms of the buyout, he will …
Stephen Errity, 04 Jul 2007
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Channel carousel sees resellers, execs change places

Microsoft laid its cards on the table - or its pictures at any rate - with the announcement of its table-top computer technology, dubbed Surface Computing. The top secret technology uses IR cameras to recognise and identify objects when they are placed on the table top which is also a 30-inch back-projected screen for a built- …
Billy MacInnes, 31 May 2007
Flag Ireland

Calyx yields to MBO

Calyx, the Irish computer reseller, has agreed to a management buyout of the firm, led by chief executive Maurice Healy. The deal, which will give shareholders £1.01 per share, values Calyx at around £70.2m (€103.8m). The bid was made by the consortium Stornoway, which was created to make the acquisition, and consists of …
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Calyx buys Mentec

Calyx, the Irish-owned reseller, warned its results for 2006 would be lower than anticipated, and announced it was to buy British firm Mentec for €16m. Calyx, which has offices in both Britain and Ireland, said trading was in line with expectations for both the firm's Irish-based business and its recently acquired Matrix …
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Revenue and profits jump at Calyx

Gaining a strong foothold in the British market has contributed to strong interim financial results for Irish IT services firm Calyx. For the six months ending in June, Calyx reported a 61 per cent increase in turnover to €29m compared to €18.2m for the same period last year. The company, which has offices in Dublin, Limerick, …
Maxim Kelly, 26 Sep 2006
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Calyx buys Matrix integration business

Irish technology group Calyx is spending £40.5m to buy Matrix Communications Group’s integration business. Calyx will raise £17.5m through a share placing, and will use £11.5m of this to help fund the deal. The total initial cash payment will be £33.5m, with the balance of the total price coming from the issue of shares and a …
Team Register, 17 May 2006
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Calyx makes its move into the UK market

Calyx has bought ITS Technology Services, a UK-based voice and data networks firm, its third acquisition over the past four months and its first in Britain. Calyx paid £2.5m (€3.68m) for the company, £1.88m of which is to be paid in cash with another £120,000 in shares. An additional £500,000 will be paid six months from the …