The Channel logo

News

By | Paul Kunert 17th January 2013 16:24

Northgate Managed Services boss to exit

Andy Ross leaving in wake of attempts to sell biz

Northgate Managed Services (NMS) is parting with long serving UK boss Andy Ross, sources have claimed.

His exit follows the unsuccessful efforts to find a buyer for the business, as revealed last September, with company insiders saying the asking price was simply too high.

The firm was hawked about by investment banker Jefferies International but the £100m price tag was way higher than bidders were prepared to match.

Northgate Information Solutions (NIS), comprising NMS, NorthgateArinso and Northgate Public Services was acquired by VC Kohlberg Kravis Roberts (KKR) for £593m in 2007.

Sources said KKR had "high expectations" for NMS, applying the same multiples when it took over the group.

"The star contract is the Northern Ireland Education Authority, it was nice little business but not worth the premium," said a channel source.

Ross rocked up at Northgate MS as chief executive in March 2004, prior to that he was sales director for Atos Origin, a principal consultant at KPMG and strategic sales exec at EDS.

Northgate refused to comment on any replacement being lined up for Ross. ®

comment icon Read 2 comments on this article alert Send corrections

Opinion

Baby looks taken aback/shocked/affronted. Photo by Shutterstock

Kat Hall

Plans for 2 million FTTP connections in next four years 'not enough'
Microsoft CEO Satya Nadella
Stranded_ships

Chris Mellor

Thousands of layoffs announced as spinning rust enters its death spiral

Features

Locker room jocks photo via Shutterstock
Best locker-room strategy: Avoid emulating AWS directly
STRASBOURG, JUNE 29, 2016: The seat of the European Parliament. by Marco Aprile for shutterstock. EDITORIAL USE ONLY
Plan b, image via Shutterstock
EU workers, new markets: post-Brexit pressure on May & Co
Tough question, pic via Shutterstock