TIDMCLCO
Cloudcoco Group PLC
18 April 2023
18 April 2023
REACH - non-regulatory announcement*
CloudCoCo Group plc
("CloudCoCo" or the "Group")
Operational Update
CloudCoCo (AIM: CLCO), a leading UK provider of Managed IT
services and communications solutions to private and public sector
organisations, provides an update on recent commercial
activity.
-- More than 15,000 products added to the MoreCoCo website
-- Launch of multi-cloud solutions practice
-- Strategic partnerships with Abstract Tech and Ingram Micro
-- Silicon Yorkshire platinum sponsorship
More than 15,000 products added to MoreCoCo website
Further to its acquisition of online technology retailer
MoreComputers in August 2021 and subsequent rebranding to MoreCoCo,
the Group announces it has partnered with a global leader in the
purchase, restoration and sale of IT hardware (the "Partner"). The
Partner's refurbished products will now be available for purchase
on the MoreCoCo site with three-year warranties. With organisations
and consumers increasingly looking to reduce their carbon footprint
and maximise reducing budgets, the partnership will enhance the
customer experience and grow the Group's addressable market
significantly.
Launch of multi-cloud solutions division
With networking professionals increasingly seeing multi-cloud
capability as a strategic imperative, CloudCoCo is pleased to
announce the launch of a dedicated and agnostic multi-cloud
division, headed up by Lee Thatcher in the new role of Head of
Cloud and Innovation. Lee joins CloudCoCo with over 20 years'
experience working in technology firms, including eight in senior
cloud positions.
Multi-cloud is one of the pre-eminent trends in IT, involving
the use of multiple cloud deployments of the same kind from
different vendors. Offering several operational advantages
including greater efficiency, customisation, continuity, and risk
management potential, multi-cloud execution is increasingly
becoming a pre-requisite for larger and more complex
organisations.
Strategic partnerships with Abstract Tech and Ingram Micro
CloudCoCo is pleased to announce two strategic partnerships to
help realise its multi-cloud growth vision.
CloudCoCo has signed a partnership with Abstract Tech
("Abstract"), a Leeds-based consultancy specialising in the
delivery of large scale, digital transformation projects. Through
this partnership, CloudCoCo will be able to tap into the expertise
of Abstract's 150 employees to undertake a broader range of more
advanced, multi-cloud projects across the public and private
sectors, opening up a range of potential new revenue
opportunities.
The Group has also signed a new partnership with Ingram Micro
("Ingram"), the world's largest global business-to-business
wholesale provider of technology product and supply chain
management services, for the supply of Microsoft Azure and other
cloud services. Under the agreement, CloudCoCo will migrate its
cloud business to Ingram Micro Cloud Marketplace to offer
leading-edge vendor cloud solutions, such as Microsoft Azure, AWS
and Google GCP. This strategic partnership allows CloudCoCo's multi
cloud practice to leverage Ingram's hundreds of in-built cloud
providers through a simplified single portal.
Strategic partnerships, in providing low-cost, low-risk access
to new ideas, customers and innovation, form an important part of
CloudCoCo's strategy to accelerate growth.
Silicon Yorkshire platinum sponsorship
CloudCoCo is proud to announce its platinum sponsorship of the
first ever Silicon Yorkshire Expo, scheduled to take place at the
Everyman Cinema in Leeds on 19 April 2023. The event, which is set
to be the highlight of the Yorkshire technology calendar, will see
a host of high-profile guest speakers deliver talks on the latest
trends. CloudCoCo CEO Mark Halpin will be in attendance to discuss
the Group's growth plans, including new multi-cloud initiatives,
collaborations and a tailored offering for startups in line with
its commitment to support up and coming technology firms in the
region.
Mark Halpin, Chief Executive Officer of CloudCoCo,
commented:
"Our operational progress reflects our ongoing commitment to
innovation and delivering an exceptional customer experience. There
is a growing demand for agile providers of IT hardware and cloud
solutions, and these recent steps taken leave us well positioned to
deliver on our long-term goals.
"Alongside this, we look forward to showcasing our offering and
discussing our growth plans further at Silicon Yorkshire later this
week."
Contacts:
CloudCoCo Group plc Via Alma PR
Mark Halpin (CEO)
Darron Giddens (CFO)
Allenby Capital Limited - (AIM Nominated Adviser & Broker) Tel: +44 (0)20 3328 5656
Jeremy Porter / Daniel Dearden-Williams - Corporate Finance
Tony Quirke / Amrit Nahal - Equity Sales
Alma PR - (Financial PR) Tel: +44 (0)20 3405 0205
David Ison cloudcoco@almapr.co.uk
Kieran Breheny
Pippa Crabtree
About CloudCoCo
Supported by a team of industry experts and harnessing a diverse
ecosystem of partnerships with blue-chip technology vendors,
CloudCoCo makes it easy for private and public sector organisations
to work smarter, faster and more securely by providing a single
point of purchase for their Connectivity, Multi-Cloud,
Collaboration, Cyber Security, IT Hardware, Licencing, Support and
Professional Services.
CloudCoCo is headquartered in Leeds and has regional offices in
Warrington and Bournemouth.
www.cloudcoco.co.uk
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