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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.
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