The Channel logo

News

By | John Oates 19th September 2005 14:41

Redstone restructures for cash generation and growth

Post-acquisition integration

Redstone is dividing itself up into four autonomous operating units following its acquisition of Xpert Group in April. It says the re-organisation delivers "immediate profitability and cash generation".

With the new structure, the data networking and IT products reseller, says it has "developed a strong platform for its future growth, is largely debt free, is expected to be cash generative and is much better positioned to take advantage of a developing and consolidating market place".

The company claims 370 staff in the UK and turnover of more than £60m.

The four operating units are:

  • Redstone Converged Solutions - a mixture of Xpert Communications and Redstone's Solutions business selling converged IP products and networks.
  • Redstone Technologies, previously Xpert Technology, which is an HP reseller specialising in servers and storage area networks.
  • Redstone Telecom which will sell inbound and outbound minutes and associated products.
  • Redstone Managed Solutions which will concentrate on application development and support and more bespoke work.
alert Send corrections

Opinion

Love

Chris Mellor

Tandberg and Sphere3D deals offer hope after 18 bad ones
Fraud image
Openstack log

Features

No, silly... he was the fall guy for years of Finnish folly
Fraud image
Frodo and the Ring
Microsoft's strategy is to make Store apps popular. Good luck with that