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Outsourcery PLC Sale of mobile distribution business

Outsourcery PLC Sale of mobile distribution business
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Regulatory News

TIDMOUT

RNS Number : 0598N

Outsourcery PLC

03 September 2013

3 September 2013

Outsourcery plc

Sale of mobile distribution business

Outsourcery plc (AIM:OUT, 'Outsourcery' or 'the Group'), the pure-play provider of Cloud-based IT and communications services (ICT), has completed the sale of its legacy mobile distribution business to a UK mobile services operator.

The Group outlined in its admission document the intention to sell its mobile distribution business, which had been held for sale, shortly after admission. This mobile business was the remainder of the Group's legacy mobile operations, the majority of which was divested during 2011.

Revenues for the mobile distribution business had been separately accounted for by the Group. The sale will have no material impact on working capital.

Enquiries:

Outsourcery (www.outsourcery.co.uk)    +44 (0)330 313 0077 
 Piers Linney, Co-CEO 
 Simon Newton, Co-CEO 
 
 Investec                               +44 (0) 20 7597 5100 
 Andrew Pinder/Patrick Robb 
 Dominic Emery/Carlton Nelson 
 
 College Hill                           +44 (0) 20 7457 2020 
 Adrian Duffield/Rozi Morris

About Outsourcery:

Outsourcery is a world-leading Cloud Service Provider (CSP) based in the UK. The Company is channel focused and aims to remove the need for businesses of all sizes to own and manage IT, unified communications and video applications and infrastructure. End-customers range from start-ups to FTSE-100 companies.

Outsourcery has one of the broadest offerings of cloud-based services based on Microsoft technology in the world, covering hosted software applications, virtualised servers and next generation unified communications (based on Lync Server) and collaboration solutions as well professional services to customise and integrate solutions for end-customers. Outsourcery was a founder member of the UK Cloud Industry Forum and is ISO 27001 (Information Security), ISO 9001 (Quality Management) and ISO 14001 (Environmental Management) accredited as well as being able to deliver CESG IL2 accredited solutions for the public sector.

Outsourcery was named both Microsoft's worldwide 'Hosting Solutions Partner of the Year' and its worldwide 'Dynamics Hosting Partner of the Year' in 2010. The Company was also one of three finalists for the Microsoft worldwide 'Server Platform Partner of the Year' award in 2013 demonstrating the quality of the Company's O-Cloud platform.

Outsourcery is a Microsoft Certified Gold Partner with a total of six competencies of which three are gold and three silver. Outsourcery employs 120 staff based in three UK offices and operates two UK data centres and was the UK's first certified carbon neutral CSP.

This information is provided by RNS

The company news service from the London Stock Exchange

END

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(END) Dow Jones Newswires

September 03, 2013 02:00 ET (06:00 GMT)

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