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

  • Powering Big Data with Big Solar

    Tue, 12 Jul 2016 18:00:00

    The data center industry is experiencing explosive growth. The expansion of online users and increased transactions will result in the online population to reach 50% of the world’s projected population, moving from 2.3 billion in 2012 to an expected 3.6 billion people by 2017. This growth is requiring data centers to address the carbon impact of their business and the increasing need for data centers to integrate more renewable resources into their projects. Join First Solar to learn: -Why major C&I companies are looking to utility-scale solar as a viable addition to their energy sourcing portfolios. -How cost-effective utility-scale solar options can support datacenters in securing renewable supply. -Case study of how a major data center player implemented solar into their portfolio

  • Smart Choices for your Digital Infrastructure

    Tue, 28 Jun 2016 10:00:00

    Your data centre is a key part of successfully transforming and building your digital business. The challenge today is to create a highly reliable, flexible, scalable and cost-effective digital infrastructure. Your cabling system is an important element in the creation of that infrastructure. Attend and learn how to: - Piece together different elements of standards, technical specifications and physical properties in order to choose the right networking equipment - Reduce the time and labour spent maintaining, repairing or installing cabling by adopting improved design and management practices.

  • White Space 39: Attacks on power and cooling

    Tue, 17 May 2016 08:25:00

    This week on White Space, we talk about the security of Industrial Control Systems – the systems that control your CRAC or PDUs. If these devices are connected to a network, attackers can reach them, and shut down a facility. Special guests Ed Ansett and George Rockett.

  • White Space 38: Leaving Las Vegas

    Tue, 10 May 2016 13:25:00

    This week we talk about: Tax Break for a data center Efficiency standards News form the Las Legad event - EMC World The Dell/EMC merger. And much more...

  • Designing Flexibility into your Data Center Power Infrastructure

    Wed, 4 May 2016 18:00:00

    As power density is rapidly increasing in today’s data center, provisioning the right amount of power to the rack without under sizing or over provisioning the power chain has become a real design challenge. Managing the current and future power needs of the data center requires Cap-Ex to deploy a flexible power infrastructure: safely handling peak power demands, balancing critical loads and easily scaling to meet growing power needs. In this webinar you will learn: > How to create Long term power flexibility and improved availability for your operation > How to increase energy efficiency and improve SLAs through a comprehensive set of best practices.

More link