The Channel logo

News

By | Paul Kunert 1st February 2013 13:29

Hungry Daisy Group scoffs The Net Crowd

Yum yum, tasty IP'n'data nourishment

Acquisitive telco services player Daisy Group has swallowed IP data specialist minnow The Net Crowd (TNC) for an undisclosed sum.

This adds a data and convergence play to the telco and Unified Comms businesses that are already housed by the group.

Berkshire-based TNC only set up shop in 2009 and resells networking kit from Cisco, Juniper and HP plus maintenance, fix and install services.

The new wing of Daisy will report to the Wholesale Division but continue to be led by managing director Trevor Rolls and sales director Steve Kirby.

Rolls founded Prime Business Solutions, an IP telephony business that was sold to 2e2 in 2004 for £22m, one of the many buys the giant integrator made in the course of amassing crippling debts that sank 2e2 this week.

In the year to 31 March, TNC filed abbreviated accounts showing that the business has net assets of £54,000.

Daisy CEO Matthew Riley said in a canned statement that the deal gave his group a foothold in the expanding IP and data market, opening up "cross selling" deals among both companies' customers.

In its last set of numbers for the year to 31 March 2012, Lancashire-based Daisy saw turnover rise 31 per cent to £348.6m and operating losses narrowed to £13.2m from £15.8m a year earlier.

The group has hoovered up numerous firms since embarking on a buy and build strategy as Daisy in 2009, consuming AT Comms, Eurotel, Redstone's telco arm and BNS Telecom to name a few. ®

alert Send corrections

Opinion

Privacy image

Frank Jennings

Two working parties, ministers galore... but data transfer law remains in limbo
EMC_Unity_bezel

Chris Evans

It does simplify the hardware setup, whatever it is
A microscopic view of the biometric shark skin. Pic: James Weaver

Chris Mellor

Do something and stop faffing about in the bush league

Kat Hall

International system in general needs greater transparency

Features

Nerd fail photo via Shutterstock
Shouting match
Single market vs. rest of the world
hacker
Mostly it's financial crime. Here's what all the cool kids' terms mean in English
Apple logo. Pic: Blake Patterson
Plenty of bumps in the 40-year road for Mac makers