AdEPT has augmented its unified communications offering with the acquisition of Comms Group U.K. Ltd., a specialist in the Avaya IP Office product suite applicable to smaller–scale SME operations. The acquisition is for an initial cash consideration of £3.5m which will be funded from AdEPT’s revolving debt facility and is immediately earnings-accretive. As AdEPT CEO Ian Fishwick comments: “AdEPT is now in a position to provide a complete unified communications offering
10 May 2016
Acquisition augments unified communications offering; price target raised to 310p
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
Acquisition augments unified communications offering; price target raised to 310p
- Published:
10 May 2016 -
Author:
Mike Jeremy -
Pages:
8
AdEPT has augmented its unified communications offering with the acquisition of Comms Group U.K. Ltd., a specialist in the Avaya IP Office product suite applicable to smaller–scale SME operations. The acquisition is for an initial cash consideration of £3.5m which will be funded from AdEPT’s revolving debt facility and is immediately earnings-accretive. As AdEPT CEO Ian Fishwick comments: “AdEPT is now in a position to provide a complete unified communications offering