Redstone restructures for cash generation and growth
Redstone is dividing itself up into four autonomous operating units following its acquisition of Xpert Group in April. It says the re-organisation delivers "immediate profitability and cash generation".
With the new structure, the data networking and IT products reseller, says it has "developed a strong platform for its future growth, is largely debt free, is expected to be cash generative and is much better positioned to take advantage of a developing and consolidating market place".
The company claims 370 staff in the UK and turnover of more than £60m.
The four operating units are:
- Redstone Converged Solutions - a mixture of Xpert Communications and Redstone's Solutions business selling converged IP products and networks.
- Redstone Technologies, previously Xpert Technology, which is an HP reseller specialising in servers and storage area networks.
- Redstone Telecom which will sell inbound and outbound minutes and associated products.
- Redstone Managed Solutions which will concentrate on application development and support and more bespoke work.