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.
Source: proactiveinvestors
Industry: Unified communication news
Latest Jobs
-
- Senior Presales Consultant | Managed Security Services | London
- London
- N/A
-
Senior Presales Consultant – Managed Security Services Location: London-commutable (Hybrid) A well-established cyber consultancy is seeking a Senior Presales Consultant to drive growth across its managed security services / advisory portfolio. This hybrid role bridges commercial and technical expertise supporting solution design, shaping customer proposals, and guiding conversations from scoping through to delivery. Key experience: Background in managed security services, including SOC operations and threat detection Strong knowledge of cloud and on-prem security tooling (SIEM, EDR, IAM) Penetration testing Proven ability to translate technical concepts into clear business value Confident in customer-facing engagements and pre-sales delivery Experience contributing to bids, proposals, and RFI/RFP responses To find out more contact me on 07884666351 Visa sponsorship is unfortunately not available for this role.
-
- New Business | Cyber Security | Overlay sales (UK Based- London commutable)
- London
- N/A
-
New Business Sales Hunter needed | Cybersecurity (UK Based- London commutable) Are you looking for uncapped commission, a fun and sociable team that drives success with no politics? If so...You must Have a demonstrable history of sales success in Cyber Security Follow Weatons law. The role: Seeking a proven New Business Sales Hunter to join an established, successful and expanding team. New business focused - £500-750 GP Sell a blend of security services & professional services. Ideal experience selling some or all of the following Cyber strategy & risk management Managed detection & response (MDR) Penetration testing Compliance & audit support You: Strong cybersecurity/IT services sales track record. Confident selling into mid-market & enterprise. UK based - London commutable Hunter mindset, full sales cycle ownership. Don't just send an email to apply give me a call on 07884666351
-
- New Business Sales Hunter | Cyber Security (UK Based)
- London
- To attract the right person
-
New Business Sales Hunter needed | Cybersecurity (UK Based) Are you looking for uncapped commission, a fun and sociable team that drives success with no politics? If so...You must Be UK based - and able to achieve UK SC clearance. (sorry no visas) Have a demonstrable history of sales success in Cyber Security Follow Weatons law. The role: Seeking a proven New Business Sales Hunter to join an established, successful and expanding cyber security firm. New business focused - £1m GP year one target (ramped). Sell a blend of security services & professional services. Ideal experience selling some or all of the following Cyber strategy & risk management Managed detection & response (MDR) Penetration testing Compliance & audit support You: Strong cybersecurity/IT services sales track record. Confident selling into mid-market & enterprise. UK based - London commutable 1x per week. Hunter mindset, full sales cycle ownership. Don't just send an email to apply give me a call on 07884666351