TIDMTPX
RNS Number : 6764M
Panoply Holdings PLC (The)
23 September 2021
23 September 2021
The Panoply Holdings PLC
("TPX", "The Panoply" or the "Group")
Intention to change name to TPXimpact Holdings PLC
A single brand that simplifies and strengthens our customer
offer
The Panoply Holdings PLC announces its intention to change its
name to TPXimpact Holdings PLC (AIM: TPX). Both the holding company
and all its group businesses will operate under this single
brand.
The Company's TIDM will remain "TPX".
Following the change of name, the Company's website will change
to: www.tpximpact.com and this will contain the information
required by AIM Rule 26.
A further announcement will be made once the change of name has
taken effect.
Overview
TPXimpact has been launched today as the single brand under
which all of the Group's businesses will come together over the
next year. Following today's announcement, the Group's businesses
will start including 'Becoming TPXimpact' following their legal
corporate names.
The Board believes that operating under one brand will simplify
and strengthen its offer to clients, allowing it to increase brand
awareness and continue to secure larger projects which have the
potential to make more impact on society.
This new single brand is focused on the Group's key vertical
markets of central government, local government, healthcare, not
for profit and commercial sectors, and is intended to offer those
sectors a modern, full-service alternative for their digital
transformation needs.
This change will see the Group move to a single P&L
structure with a single sales, account management and back-office
structure in the UK. It will also allow the Group to further
leverage its Eastern European development facility in Bulgaria.
Transformation that matters
The Company was founded with an authentic sense of purpose - to
do business that creates meaningful change in wider society - and
the new brand reflects the centrality of this mission to everyone
across the business. TPXimpact is focused on those services most
important to society and aims to deliver impactful, sustainable,
digital transformation.
This name change and operational consolidation is aimed at
facilitating the Group to deliver services more efficiently that
have a genuine impact on people's lives and on the communities in
which it works. By delivering transformation that matters to the
organisations that underpin society, the Group aims to effect
fundamental and sustainable change that shapes organisations,
services and systems, and that maximises impact and that defines
the future experiences of individuals and society.
Bringing the Group together
Since inception the Group has been built from four founding
businesses to around 600 permanent employees and approximately 200
contractors. Bringing together all of its people under this new
single brand will see the Group come together as one team to
achieve its shared goals for the future.
Collaboration across the Group has become progressively closer
over the last few years, with several of its brands having merged
into a smaller number of core, customer-facing brands. This
strategy has proven successful, allowing the Group's teams across
the business to work together on larger and more impactful
projects. This Group-wide brand alignment therefore represents the
logical next step forward in the evolution of its go-to-market
strategy. The Group is excited about the opportunities for further
organic growth that this next phase in the businesses strategy will
bring, as it takes an integrated change, experience and technology
offer to market.
Neal Gandhi, CEO of The Panoply (becoming TPXimpact),
commented:
"Today we are embarking on the next stage of our growth journey
through the consolidation of the Group to a single brand -
TPXimpact. We established the business in 2016 with a commitment to
delivering impactful, transformative projects with a sense of
purpose and our new name accurately reflects this central
mission.
Since 2018 we have acquired 13 companies with the same core
values, deepening our capabilities across a range of digital
transformation services. Bringing these businesses together under
the one consolidated brand, TPXimpact, solidifies this alignment
and reflects the scale of our ambitions.
Now as one brand, we are in prime position to accelerate our
growth and target larger projects, both within the UK public sector
and across new markets ripe for digital change ."
Enquiries:
The Panoply Holdings Via Alma PR
Neal Gandhi (CEO)
Oliver Rigby (CFO)
Stifel Nicolaus Europe +44 (0)207 710 7600
Limited
(Nomad and Joint Broker)
Alex Price
Fred Walsh
Dowgate Capital Limited
(Joint Broker)
James Serjeant
David Poutney
Nicholas Chambers +44 (0)203 903 7715
Alma PR tpx@almapr.co.uk
(Financial PR) +44 (0)203 405 0209
Susie Hudson
Kieran Breheny
Matthew Young
About The Panoply (becoming TPX Impact)
The Panoply (becoming TPXimpact) exists to transform the
organisations, services and systems that underpin society and that
drive business success. It applies strategic and creative thinking,
technology, innovative design and user-centred approaches to bring
about numerous improvements which together multiply the impact of
change. The Company works closely with its clients in agile,
multidisciplinary teams that span organisational design,
technology, and digital experiences. It shares a deep understanding
of people and behaviours and a philosophy of putting people and
communities at the heart of every transformation.
The business is being increasingly recognised as a leading
alternative digital transformation provider to the UK public
services sector, with c.70% of its client base representing the
public sector and c.30% representing the commercial sector.
More information is available at www.thepanoply.com.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
RNS may use your IP address to confirm compliance with the terms
and conditions, to analyse how you engage with the information
contained in this communication, and to share such analysis on an
anonymised basis with others as part of our commercial services.
For further information about how RNS and the London Stock Exchange
use the personal data you provide us, please see our Privacy
Policy.
END
CANFLFIDASIFFIL
(END) Dow Jones Newswires
September 23, 2021 02:00 ET (06:00 GMT)
Tpximpact (LSE:TPX)
Gráfica de Acción Histórica
De Abr 2024 a May 2024
Tpximpact (LSE:TPX)
Gráfica de Acción Histórica
De May 2023 a May 2024
