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Articles about Daisy Group

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Hungry Brit giant Daisy Group plans to gobble 'mid-market' tech sector

Logicalis can add group CTO to its list of vacant staff roles as current incumbent Chris Gabriel heads for the door to join mid-market comms and tech beast Daisy Group. Slough-based Logicalis is already looking for a local chief techie to cover the UK and Ireland. The exit of big hitter Gabriel will likely come as a blow to the …
Paul Kunert, 06 Aug 2014

CEO of Brit giant Daisy Group in talks to take biz private

Matthew Riley, the man in charge of perpetually hungry comms and tech titan Daisy Group, is part of a consortium that has made advances to buy the LSE-listed biz. The group today confirmed it “received an approach” on 27 July from its largest shareholder Toscafund Asset Management LLP and Penta Capital, as well as Daisy chief …
Paul Kunert, 13 Aug 2014
shopping_basket

Daisy Group hoovers up Indecs Computer Services for £18m

Serial swallower Daisy Group has carved another notch on the IT bedpost after coughing £18m to consume mainframe support and maintenance specialist Indecs Computer Services. Redditch-based third party maintainer ICS provides tech support on servers from multiple vendors including HP, IBM, Dell, Oracle and Cisco with Daisy …
Paul Kunert, 28 Oct 2013

Losses widen but Daisy Group plans to keep wolfing down companies

Daisy Group may be stepping ever closer to being one of the most hefty comms and tech services outfits in the UK mid-market but all that is just hubris if it can't turn a profit, and seemingly it cannot. Sales slipped 2.35 per cent to £173.1m in the first half of fiscal '14 ended 30 September, but one-off costs pushed up …
Paul Kunert, 03 Dec 2013

Former 2e2 director Marke rocks up at Daisy Group

Acquisitive telco services player Daisy Group has created a chief technology officer role for former 2e2 director Nathan Marke. Marke was CTO at 2e2 for nearly four and a half years from August 2008 until the Berkshire-based integrator bit the dust earlier this year. Prior to that he was sales director at Prime Business …
Paul Kunert, 19 Apr 2013

Hungry Daisy Group scoffs The Net Crowd

Acquisitive telco services player Daisy Group has swallowed IP data specialist minnow The Net Crowd (TNC) for an undisclosed sum. This adds a data and convergence play to the telco and Unified Comms businesses that are already housed by the group. Berkshire-based TNC only set up shop in 2009 and resells networking kit from …
Paul Kunert, 01 Feb 2013

Brit giant Daisy stuffs face with treats, but she ain't piling on ££££££s

Telecoms provider Daisy Group forked out tens of millions of pounds on acquisitions in fiscal 2014 – only to see its top line stagnate as organic growth fell off a cliff in its legacy calls business. Operating losses have widened and debts mounted. The British biz spent £35.3m on four buys: £7.5m to pick up two of 2e2's data …
Paul Kunert, 17 Jun 2014
grab_that_cash

Brit biz-gobbling comms giant Daisy Group splutters with indigestion

Biz broadband and comms giant Daisy Group has faced a challenging 12 months as its operating losses widened and organic growth stalled. In its financial year to 31 March 2013, the company-gobbling Lancashire-headquartered firm recorded revenues of £351.5m - up less than one per cent on the previous year. It also completed two …
Paul Kunert, 18 Jun 2013

Daisy petals close around midge MoCo

Daisy Group has devoured Kent-based minnow MoCo Communications for an undisclosed sum to boost its challenged mobile distie operations. This is the third buy Daisy has made in the mobile airtime channel; it swallowed Anglia Telecom Centres in 2009; and Fone Logistics a year later. Founded in 1985, MoCo had operated as an …
Paul Kunert, 27 Jun 2013

Daisy Group battles to keep 2e2 managed services user base

Daisy Group has been locked in conversations with 2e2's managed services customers after taking charge of the integrator's data centres, to reassure them there is no need to jump ship. On Friday morning, Peter Dubens, owner of Oakley Capital and chairman of Daisy Group, took over the Reading and Gateshead server farms and handed …
Paul Kunert, 15 Feb 2013
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Daisy Group plans to keep buying up biz, despite hole in purse

Acquisition-hungry business comms provider Daisy Group plans to continue hoovering up firms despite posting significant operating losses for the third consecutive year. Sales for the 12 months ended 31 March 2012 were up 31 per cent to £348.6m, including a chunk of revenues from the businesses it acquired over the past year: …
Paul Kunert, 20 Jun 2012

2e2 rescue deal: Daisy swoops in, grabs data centre ops

Acquisitive telco player Daisy Group is taking control of defunct 2e2's data centre operations. Under the terms of the deal, Peter Dubens, owner of Oakley Capital and chairman at Daisy Group has created a special purpose vehicle Daisy Data Centre Solutions to buy the business and assets which include server farms in Gateshead …
Paul Kunert, 15 Feb 2013
hands waving dollar bills in the air

Daisy Group blows £28m on VoIP blower biz

Acquisitive business communications provider Daisy Group has coughed £28m to acquire audio-conferencing and call-handling player Worldwide Group Holdings (WGH). The deal could rise in cost – dependant on EBITDA growth over an agreed earn-out period – and will be funded by cash from Royal Bank of Scotland, which joins Daisy's …
Paul Kunert, 13 Apr 2012

Daisy, Computacenter turn down purchase of stricken 2e2

The prospect of 2e2 administrator FTI selling the entire UK operation of the stricken integrator in one swoop was dealt a blow this weekend after several key suitors walked away from a deal. As revealed on Thursday, Computacenter and Daisy Group were seated at the negotiating table but have now decided to end their interest in …
Paul Kunert, 04 Feb 2013

Phoenix IT Group is FIGHTING BACK

A fightback has begun at beleaguered Phoenix IT Group after the services provider confirmed it has at last filled the vacant CEO post and is proposing a share placement to pay down debts. It is 17 months since previous top dog Dave Courtley called it a day at Phoenix, but finally the Northampton-based firm has lured in former …
Paul Kunert, 12 Mar 2014

Ex-2e2 staffers STILL waiting for wages owed

The frustration for hundreds of 2e2 staffers waiting to discover if they are to be paid wages owed to them continues nearly a year after the Berkshire-based integrator went under in dramatic circumstances. Some 356 claimants of 2e2 UK Ltd, Oakley Capital Ltd, Daisy Data Centre and Telefonica are holding out for the funds, and …
Paul Kunert, 15 Jan 2014

Misco set to snap up Phoenix's network ops centre AND its staff

Phoenix IT Group is set to offload its network operations centre in High Wycombe to Misco, TUPEing across staff in the process. The lease on the building is expected to be assumed by direct marketing reseller Misco, which, under the guidance of former Dell exec Pim Dale, is trying to rely less on tin shifting by building a …
Paul Kunert, 14 Feb 2014

Azzurri exec set have a brand new CEO: Former BT bigster Chris Jagusz

Ailing integrator Azzurri Communications has charged former SSE Telecoms boss Chris Jagusz with revving up the stalling motor when he returns well oiled from a, er, "summer break". The start date for Jagusz was not specified by his new employer but he will take over from chairman Steve Andrews who is to become interim CEO from 8 …
Paul Kunert, 29 May 2014
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2e2 staffers get day in court over unpaid pre-meltdown wages

Hundreds of former 2e2 UK employees will be told just days before Christmas at a Reading tribunal whether wages owed to them will be paid in full or not. There are some 356 claimants of 2e2 UK Ltd, Oakley Capital Ltd, Daisy Data Centre and Telefonica, a clerk at Reading tribunal told The Channel. The hearing date has been set …
Paul Kunert, 24 Sep 2013

Former 2e2 workers WIN case for protective award

An employment tribunal has ruled in favour of former 2e2 workers' claims for protective awards. A year after the saga began, hundreds are to be paid up to eight weeks' wages by the government – the maximum allowed. There weren't many winners in the firm's collapse - save for, perhaps, the administrators - with staff out of a job …
Paul Kunert, 24 Jan 2014
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Distie: Build the cloud and resellers will come... so WHERE ARE THEY?

Disties have built cloudy aggregation platforms for channel types under the assumption they would come… but they are still waiting for mass adoption. It would seem that reseller solutions provider reseller demand for brokerage services, such as the one that Arrow ECS launched 18 months ago has been a little underwhelming. Some …
Paul Kunert, 04 Dec 2013

Local gov broadband provider in talks with 'interested' bidders

Execs and private equity backers at broadband network service provider Updata Infrastructure UK are "actively" talking to a number of third parties who they say have expressed an interest in the business. San Francisco-based LMS Capital splashed £6.2m for a 53.3 per cent stake in Updata during the summer of 2009, in support of a …
Paul Kunert, 15 Nov 2013

Capita slurps crashed 2e2's ex-flack-in-chief to bolster sales

Troubled integrator-cum-reseller Capita IT Services (CITS) has hired fallen channel giant 2e2's former sales and marketing director. Ian Thomas rocks up at CITS today as sales boss in a move that was confirmed to staff by managing director Peter Hands. "Ian has a background in travel, telecoms and IT services and spent 14 years …
Paul Kunert, 08 Apr 2013
tumbling dice

Stand back, everyone! Dragons' Den ace HAS FOUND THE CLOUD

The wait is almost over for any Brit wanting to take a punt on a homegrown cloud services firm: the UK-based Outsourcery is poised to list on the Alternative Investment Market (AIM)* this Friday. The Manchester-headquartered business is placing a little more than 11.5 million Ordinary Shares at 110 pence giving it a market …
Paul Kunert, 22 May 2013
cloud

Telstra UK resellers' private nets go titsup

UK-based telco reseller Daisy Communications has been suffering teething problems with its acquired Telstra customer base and associated supply agreements with BT. Daisy acquired Telstra's fixed reseller agreements around a year ago. BT is currently phasing out private connectivity technology Framestream, which affects around …

Logicalis coughs up €24m for 2e2's Euro ops

Logicalis Group has coughed €24m for 2e2's European operations, it confirmed in a stock market statement this morning. The deal includes the IBM system integration biz in Spain - which is still trading under the Morse brand; the NetApp and HP enterprise reselling outfit in Ireland; a managed service operation in the Channel …
Paul Kunert, 04 Mar 2013

Hungry Six Degrees swallows data centre biz BIS

Hungry mid-market managed voice and data hosting specialist Six Degrees has swallowed London-based colo data centre operator BIS. This is the thirteenth buy racked up by the management team led by CEO Alastair Mills since it launched in the summer of 2011, with £50m backing from private equity house Penta Capital. Previously …
Paul Kunert, 03 Apr 2013

Stricken 2e2 sacks 627, winds down, retains a few data centre caretakers

Stricken UK integrator 2e2 - in administration and unable to find a buyer - effectively started to wind down operations today by confirming 627 people were being let go with just a small group of data centre staffers left to keep things "ticking over". Employees were told at 8.30am to get onto a conference call at scheduled for …
Paul Kunert, 06 Feb 2013

Lawyer: 2e2 customers should act quickly as liquidation looms

Any 2e2 customers that clung on in the hope a buyer could be found for fallen channel giant must act now to minimise disruption to service, a law firm has warned. More than a week has passed since 2e2's 10 UK subsidiaries were placed in the hands of FTI Consulting, and the administrator seems to have run out of potential buyers …
Paul Kunert, 06 Feb 2013
Love

TalkTalk Biz cosies up to channel

The man at the top of Talk Talk Business (TTB) says it uses the direct sales force to keep channel partners on their toes. This is a novel strategy for a company that wants to do more business with resellers and integrators, and to spread the word it is the third fourth largest ISP in the UK. Charles Bligh rocked up at TTB 15 …
Paul Kunert, 07 Mar 2013

Rug tugged from under 2e2 after it racked up £50m loss - report

Brit IT biz 2e2 went under because its financial reports were flawed, it plunged nearly £50m into the red and its backers refused to throw good money after bad. That's according to a two-inch-thick dossier by the company's administrators FTI Consulting. The report documents the days leading up to the Berkshire-based integrator's …
Paul Kunert, 25 Mar 2013
Administration

Vultures circle crash-landed UK giant 2e2 after top brass axed

The vultures are circling fallen channel giant 2e2 with an asset sale expected for the UK biz in light of the hefty redundancies made yesterday. As reported yesterday, debt-saddled 2e2 Group laid off 22 per cent, or 319, of its 1,442 workers in Blighty, and placed ten UK subsidiaries into administration. The Channel can today …
Paul Kunert, 30 Jan 2013

Biz rivals tussle over customers, former staffers of fallen 2e2

Channel rivals of 2e2 are offering staff at the fallen integrator a lifeline and are tapping up customers wondering what the short-term future may hold for their current tech supplier. Type 2e2 into Google's search engine and PSU, Codestone, Gap Consulting, Kelway, m-hance and Amicus ITS are but a few of the names to have run …
Paul Kunert, 04 Feb 2013