AdEPT Technology shares jump as it acquires unified communications group ETS
AdEPT Technology Group PLC saw its shares jump in early trading Thursday after it signed an agreement to acquire UK-based unified communications services provider ETS Communications Holdings Limited.
The telecoms firm said the £2.5mln acquisition was expected to improve its revenue run rate by around 5% and had become effective from 1 November.
A further consideration of up to £1.75mln may be payable to ETS based on its trading performance in the 12 months following the acquisition.
based in Wakefield, ETS provides unified communications and connectivity to businesses within the public sector and currently manages could-based telephony for more than 200 GP surgeries.
AdEPT also said it had signed a £5mln extension to its existing 5-year revolving credit facility, taking the total to £35mln.
The enlarged facility would be used to fund acquisitions of businesses that extended its product set and would benefit from economies of scale.
Ian Fishwick, chief executive of AdEPT, said the acquisition of ETS would build on the capabilities of AdEPT’s specialist Avaya IP Office operation in Northampton while also extending its reach to Yorkshire and Lincolnshire.
The acquisition follows closely behind the firm's purchase of IT services provider Shift F7 in a £7.9mln deal in August.
He added that the acquisition was expected to be earnings enhancing immediately after completion.
Shares were up 2.8% at 365p.
Industry: Unified communication news
- Outside IR 35 CONTRACT SC CLEARED Cyber Security Operations Analyst SPLUNK ES- UK REMOTE- £500 a day.
6 month contract Outside IR35 Operational Cyber Security Analyst. Hands on Splunk Security Enterprise and Security clearance is required As is someone that holds SC clearance. SOC and Vulnerability management experience. Vulnerability Analysis / Management - Tenable
- SailPoint Consultant
- Upto €80,000
SailPoint Consultant is need for this rapidly expanding global business, The business is currently in the middle of a SailPoint Deployment, they require an experienced Consultant who is able to help them on this Journey You will be responsible for helping to configure and deploy SailPoint as well as on board applications onto the platform You will also work with the business to understand workflow and process to help align the way the business works to ensure that the business gets the most from the deployment We are looking for an experienced SailPoint consultant who has experience with both Deployment and BAU work and is interested in joining a business which is at the start of an interesting IAM Journey
- SOC Manager Security Operations. SIEM, Threat / Vulnerability, IR, SOC Service- Exclusive
- United Kingdom
SOC Manager- SIEM, Threat / Vulnerability, Incident response. Exclusive Project. Management and on growth growth of Security Operations Centre capability. Managing and maturing the team, technical services line and fronting client engagements where needed. An in-depth technical background is essential, experience across SOC SIEM/ Threat Hunting (IR) tools, processes, techniques, operational is a MUST. The role will include, but not limited to; evolving the technical process, building operational capability, managing and hiring team, involved at a high level overviewing policy/playbooks, fine turning of the go-to-market collateral etc.
- Contact 12 month- Security Operations- Tanium Engineer / Analyst.
- United Kingdom
- Dependent on experience
Security Operations engineer / Analyst with Tanium for a 12 month contract. Experience configuring using, managing, supporting troubleshooting Tanium's suite of end point solutions is essential. The opportunity is due to a client expanding its international capability to a follow the sun model. To be involved in spinning up a European capability. Based in the UK. English essential and ideally being fluent in French.