Cookie policy: This site uses cookies (small files stored on your computer) to simplify and improve your experience of this website. Cookies are small text files stored on the device you are using to access this website. For more information on how we use and manage cookies please take a look at our privacy and cookie policies. Some parts of the site may not work properly if you choose not to accept cookies.

sections

UK cloud firm Outsourcery floats on London AIM exchange

  • Print
  • Share
  • Comment
  • Save

UK cloud company Outsourcery plc  floated on London’s small cap Alternative Investment Market today with early trading seeing a 5p rise above its opening price.

The initial offer size was £12.7m with the firm aiming for a market capitalisation of £34.6 million at the placing price of 110p per share of 11,542,642 Ordinary Shares. It will raise £11.0 million, before expenses, to fund the Group to cash flow break-even of £1.7 million, before expenses, representing the realisation of capitalised loans
 

As a reseller the firm has close ties to Microsoft and commercial relationships with Vodafone, Virgin Media Business, BT, HP and Atos.

Customers include Pearson plc and London Business School. Investec is acting as Nominated Adviser and Broker and acted as sole book-runner on the Placing

Its cloud services are deployed on its proprietary O-Cloud platform, a £30m development. The business model is focused on subscription-based customer contracts, ‘providing a growing base of recurring revenues, leveraging its a stable overhead cost base and low ongoing requirement for capital expenditure.’

Piers Linney, Outsourcery’s Co-CEO, said:  “We aim to exploit the opportunities we are seeing at this exciting time in our development and see this fundraising as a great endorsement of our business model, technology platform and growth prospects. The funds will enable us to continue to grow rapidly, support the development of our portfolio of unique products and provide the financial resources to help us scale our business and our leading market position.”

Related images

  • 167233498.jpg

Have your say

Please view our terms and conditions before submitting your comment.

required
required
required
required
required
  • Print
  • Share
  • Comment
  • Save

Webinars

  • Do Industry Standards Hold Back Data Centre Innovation?

    Thu, 11 Jun 2015 14:00:00

    Upgrading legacy data centres to handle ever-increasing social media, mobile, big data and Cloud workloads requires significant investment. Yet over 70% of managers are being asked to deliver future-ready infrastructure with reduced budgets. But what if you could square the circle: optimise your centre’s design beyond industry standards by incorporating the latest innovations, while achieving a significant increase in efficiency and still maintaining the required availability?

  • The CFD Myth – Why There Are No Real-Time Computational Fluid Dynamics?

    Wed, 20 May 2015 14:00:00

    The rise of processing power and steady development of supercomputers have allowed Computational Fluid Dynamics (CFD) to grow out of all recognition. But how has this affected the Data Center market – particularly in respect to cooling systems? The ideal DCIM system offers CFD capability as part of its core solution (rather than as an external application), fed by real-time monitoring information to allow for continuous improvements and validation of your cooling strategy and air handling choices. Join DCIM expert Philippe Heim and leading heat transfer authority Remi Duquette for this free webinar, as they discuss: •Benefits of a single data model for asset management •Challenges of real-time monitoring •Some of the issues in CFD simulation, and possible solutions •How CFD can have a direct, positive impact on your bottom line Note: All attendees will have access to a free copy of the latest Siemens White Paper: "Using CFD for Optimal Thermal Management and Cooling Design in Data Centers".

  • Prioritising public sector data centre energy efficiency: approach and impacts

    Wed, 20 May 2015 11:30:00

    The University of St Andrews was founded in 1413 and is in the top 100 Universities in the world and is one of the leading research universities in the UK.

  • A pPUE approaching 1- Fact or Fiction?

    Tue, 5 May 2015 14:00:00

    Rittal’s presentation focuses on the biggest challenge facing data centre infrastructures: efficient cooling. The presentation outlines the latest technology for rack, row, and room cooling. The focus is on room cooling with rear door heat exchangers (RHx)

  • APAC - “I Heard It Through the Grapevine” – Managing Data Center Risk

    Wed, 29 Apr 2015 05:00:00

    Join this webinar to understand how to minimize the risk to your organization and learn more about Anixter’s unique approach.

More link