Articles about Daisy Group

Man throws briefcase in the air happily on the beach. Photo by Shutterstock

Alternative vet Quartermaine exits Daisy, Daisy...

Brit IT services giant Daisy Group has waved goodbye to former Alternative Networks CEO Mark Quartermaine – just months after it bought the comms and tech integrator, an internal document has confirmed. The absorption of Alternative, bought for £165m in December, was detailed in a memo this week by Daisy CEO Neil Muller, who …
Paul Kunert, 24 Mar 2017
Roughly 150kg of gold

Daisy Group joins Cisco ranks of Gold tier services slingers

Daisy Group is positively dripping in Cisco’s top level Gold accreditation, a move we predicted some months back. The highly acquisitive tech and comms outfit made Phoenix IT Group its latest conquest earlier in the summer and behind the scenes set up talks with Cisco to get the Gold authorisation. For those with short …
Paul Kunert, 28 Sep 2015
A daisy

Daisy Group’s Riley: Integration of £200m + acquired beast starts today

Management at Daisy Group today start the mammoth task of integrating Phoenix IT Group, and getting the respective sales staff to cross-sell following yesterday’s purchase completion. The acquisition of tech services outfit Phoenix is the 48th acquisition Daisy has made since it was founded by chairman Matthew Riley in 2001, …
Paul Kunert, 17 Jul 2015
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Daisy Group seals Phoenix IT Group buy, exec set for exit

Some execs at LSE-listed Phoenix IT Group are edging toward the exit, El Chan can reveal, after the proposed takeover by Daisy Group today got the official rubber stamp. The approach from privately owned Daisy came in May when it offered 160 pence per share for Phoenix in a transaction that valued the equity at £135m. The …
Paul Kunert, 16 Jul 2015
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A turnaround plan within a turnaround plan for Phoenix IT Group

Phoenix IT Group execs are labouring under the “assumption” that the firm will not be sold to Daisy Group – they have to – and are hatching a turnaround plan within a turnaround plan for Partner Services. As the board at the LSE-listed tech services outfit is recommending a 160 pence per share offer from Daisy that values the …
Paul Kunert, 9 Jun 2015
£10 notes. Pic: Howard Lake

Phoenix IT Group comes back in black as new owners beckon

Phoenix IT Group is back in the black following the first full year of CEO Steve Vaughan’s turnaround strategy, in what is likely to its last fiscal before the Daisy Group acquisition is sealed. The LSE-listed organisation is still struggling to get the top line moving in the right direction, as revenue fell nine per cent year …
Paul Kunert, 8 Jun 2015
Roughly 150kg of gold

Gold to bind Phoenix IT, Daisy, Cisco

Phoenix IT is likely to rekindle its partnership with Cisco when the Daisy Group completes the acquisition of the services provider, as expected in the not-too-distant future. In late 2013, El Chan revealed Phoenix was among 1,000 companies across EMEA told by Cisco that their right to sell its kit was to be removed because …
Paul Kunert, 29 May 2015
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Daisy Group: Yep, we're gonna eat you all up, Phoenix IT Group

Directors at Phoenix IT Group are “unanimously” backing the 160-pence-per-share offer that was formally made by Daisy Group this morning, valuing the entire share capital at close to £135m. Discussions between LSE-listed Phoenix and the suitor were made public last week, leaving Daisy 28 days to come back to the table with a …
Paul Kunert, 27 May 2015

Daisy Group offers to gobble Phoenix IT Group for £133m

Acquisitive B2B tech and comms player Daisy Group has bid 160 pence per share for LSE-listed Phoenix IT Group valuing the services operation at around £133m. Talk of a deal has rumbled along for more than a year but with Phoenix in the middle of a three-year turnaround plan under the latest CEO and no longer reporting steep …
Paul Kunert, 21 May 2015
management strategy2

Computacenter will NOT replace UK MD Muller

Computacenter will not appoint a director replacement for UK managing director Neil Muller, who left at the end of last month to become CEO of now privately owned Daisy Group. This weekend, colourful CEO Mike Norris told 700 staff at the services-based reseller’s 2015 sales conference that his former general’s duties will be …
Paul Kunert, 7 Feb 2015

We told you so! Daisy Group slurps up Damovo UK

Daisy Group has confirmed what our readers already knew – it has wolfed down unified comms specialist Damovo UK in its first deal since going private again less than a fortnight ago. West Sussex-based Microsoft and Cisco Gold badge holder Damovo is the former enterprise sales and services division of Ericsson. “With strong …
Paul Kunert, 2 Feb 2015

Hungry UK IT biz, VC firm to swallow former Ericsson arm Damovo – sources

Privately owned Daisy Group is very close to making the British arm of comms integrator Damovo its 47th conquest, sources are telling us. Lancashire-based Daisy pulled its shares off AIM last week and will next month take delivery of a new chief exec in the shape of outgoing Computacenter UK managing director Neil Muller. A " …
Paul Kunert, 28 Jan 2015

Daisy Group: we'll double our biz inside 5 years

The now privately-owned B2B comms and tech biz Daisy Group is looking for the incoming CEO to plot a course to rule the SME customer space within the next half a decade. The Lancashire-based company today removed itself from trading on AIM in a buy backed by founder and current CEO Matthew Riley - he is soon to become chairman …
Paul Kunert, 22 Jan 2015

Sales flat for takeover-tastic Brit IT bods Daisy Group

Comms and tech supplier Daisy Group, which is to be de-listed from the Alternative Investment Market (AIM) this month, has posted an operating loss of £8.1m for the first six months to September 2014. According to its audited half-year financials posted on 31 December, revenue dropped just 0.3 per cent from £173.9m to £169.6m …
Kat Hall, 5 Jan 2015

Daisy Group: so long AIM, it's been emotional, sort of

The soon-to-be-private B2B comms and tech supplier Daisy Group confirmed this morning that its shares will be yanked from the Alternative Investment Market from 22 January. The previously agreed 185-pence per share offer from a consortium led by CEO Matthew Riley was declared unconditional this month, valuing the firm at £494m …
Paul Kunert, 19 Dec 2014

Daisy Group asks exec newbie to deliver managed services glory

Beefing up the tech supply and ICT managed services side of the house will be the major tasks handed to Daisy Group’s incoming CEO Neil Muller. As exclusively revealed by The Channel, Muller is set to take the reins of mid-market telco-come-IT-supplier Daisy from next year when the business is taken private again, and once he …
Paul Kunert, 11 Dec 2014
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Computacenter UK MD heading to Daisy Group as CEO

Enterprise reseller Computacenter’s (CC) outgoing big cheese Neil Muller is set to rock up as Daisy Group chief exec from early next year, The Channel can reveal. The 20-year CC veteran - who spent the last three as UK managing director - quit the business in November for pastures new, and though he refused to reveal his next …
Paul Kunert, 10 Dec 2014

Daisy Group slurped by VC consortium, bids to cancel AIM listing

AIM-listed comms and tech outfit Daisy Group Tuesday confirmed that the previously agreed 185 pence-per-share bid from a consortium led by CEO Matthew Riley has been declared unconditional. The offer from Riley, Penta Capital, and long-term investor Tosca Fund, which values Daisy at near £500m, was agreed in October, some …
Paul Kunert, 9 Dec 2014

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