TIDMADT
AdEPT Technology Group PLC
13 September 2021
13 September 2021
RNS Reach
ADEPT TECHNOLOGY GROUP PLC
("AdEPT" or the "Group")
Datrix acquisition integrating well
AdEPT (AIM: ADT), one of the UK's leading independent providers
of managed services for IT, unified communications, connectivity,
and voice solutions, is pleased to report that Datrix, a
substantial and strategically important acquisition announced in
April 2021 is integrating well with early key goals achieved.
GOAL 1 - Migration to core systems
Immediately following the acquisition, the Datrix team began
work with AdEPT's Project Fusion team to migrate to the Group's
internal systems, ONE AdEPT. We are pleased to report that this was
successfully and smoothly achieved in August, ahead of plan.
As a result, we are already seeing increased operational insight
across the internal teams.
Datrix's outstanding products, services and partners has added
significantly to our capabilities, bringing scale and extending
both our expertise and our solution breadth. The swift integration
means our customers in this large and growing marketplace are
already beginning to benefit as we share the expertise brought to
the Group by the acquisition.
GOAL 2 - Secure contract renewals
Since being acquired, the Datrix team have maintained AdEPT's
high customer retention rate, with contract renewals achieved
alongside positive customer feedback about the acquisition.
Key customer renewals have included a three-year extension for a
major client that forms part of the critical national
infrastructure and a two-year extension for a UK-wide 160 site NHS
client.
GOAL 3 - Win new business
Alongside securing key renewals it was critical to continue the
positive momentum of new business wins for Datrix, and we are
pleased to report that the team have recently won the following
large projects
-- A fully managed SASE Service for a pan-European electrical parts distributor
-- A critical project delivering a managed SASE and Network
Service for a UK-wide logistics company
-- A Managed Network and SASE Service for a prestigious independent school
The next step is to achieve cross-selling success, capitalising
on the scale, expertise and expanded capabilities brought about by
the acquisition.
Phil Race, CEO of AdEPT said:
"The Datrix acquisition is a game changer for us, and we are
really enthused by its swift integration and even more so by the
opportunities we are seeing following its addition to the Group. We
already have sales engagements with both new and existing clients,
which is extremely encouraging."
Mark Thomas, MD of Datrix said:
"We are getting very positive feedback from clients about the
benefits of scale from the larger Group. The joined-up approach to
new business, enabled and underpinned by the ONE AdEPT platform,
will be a focus in the months ahead as we continue to demonstrate
the benefits of our combined capabilities - adding further value to
our existing customer base as well as attracting new clients."
Enquiries:
AdEPT Technology Group Plc
Ian Fishwick, Chairman Tel: 07720 555 050
Phil Race, Chief Executive Tel: 07798 575 338
John Swaite, Finance Director Tel: 01892 550 243
Singer Capital Markets (Nominated
Adviser & Broker)
Shaun Dobson / Rachel Hayes Tel: 020 7496 3000
/ William Goode
Belvedere Communications
Cat Valentine Tel: 07715 769 078
Keeley Clarke Tel: 07967 816 525
adeptpr@belvederepr.com
About AdEPT:
AdEPT is one of the UK's leading independent providers of
managed services for IT, unified communications, connectivity, and
voice solutions. AdEPT's tailored services are used by thousands of
customers across the UK and are brought together through the
strategic relationships with tier-1 suppliers such as Openreach,
Vodafone, Virgin Media, Avaya, Microsoft, Dell, and Apple.
AdEPT is listed on the London Stock Exchange (AIM: ADT). For
further information please visit: www.adept.co.uk .
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END
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September 13, 2021 02:00 ET (06:00 GMT)
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