The Channel logo

News

By | Team Register 8th December 2005 00:18

Ramesys flogs education reseller to management

Software pure play

The education reseller division of Ramesys has struck out for independence through an management buyout. backed by Lloyds TSB Development Capital. Terms were undisclosed. The management team under MD Bill Donoghue will retain the Ramesys name, while its former parent company is rebranding itself as RedSky IT.

RedSky will incorporate and "fully integrate" Ramesys's three application software businesses, serving the construction, retail and hospitality sector. IT will have annual revenues of more than £30m and employ 350 people.

Now for a quote from Gordon Matthew, CEO of RedSky IT.

“This is a real win:win for all concerned. Our education business is largely involved in IT services and software fulfilment to schools with a different model to our application focused businesses. By making this decision, Bill and his team can continue to specialise as a leading provider to the education market while we can focus on maximising our position as a leading application software business." ®

alert Send corrections

Opinion

Photo of HP Enterprise office
Apple Mac Mini late 2014

Alexandre Mesguich

Change is order of day as tech giants shift strategy gears

Features

Venomous snake
Potential deleterious effects more like a snakebite* than a snake bite
Windows Server
Hacked US CENTCOM Twitter account
Roll up, roll up, get your exclusive market insights