Blue Sky has been acquired by Netb2b2 plc. The Directors of Netb2b2, having assessed various potential acquisitions in the light of revised valuations in the Internet-related sector, identified Blue Sky's expertise in application development as complementary to Netb2b2's existing businesses, cScape Strategic Internet Services and ITM Graphics. In addition, Blue Sky’s strong management team, led by CEO, Steve Johnston attracted Directors.
Established in 1995, Blue Sky's commercial strategy focuses on the business-to-business corporate marketplace that utilises IBM technologies. Blue Sky employs twenty-two staff and its clients include The Economist Group, Sony Corporation, United Nations, Focus-Do-It-All, IBM/Lotus, the Department of Trade and Industry and Associated Press Television News.
James Andrews, founder and principal shareholder, is Chief Technical Officer of Blue Sky and has today joined the Board of Netb2b2. Commenting on his position James stated, "I am pleased to be joining Netb2b2 as it gives Blue Sky access to opportunities in a larger commercial arena which will help us continue to grow. Our goal is to bring to the Group the benefits of our reputation within the IBM community and our solid operating performance.”
Commenting on the acquisition Keith Young, Executive Chairman of Netb2b2 plc said, “I am delighted to be able to announce this acquisition. Blue Sky are precisely the type of company we want to welcome into our portfolio. They are a young, dynamic and growing organisation that can benefit from the strengths that we can bring to them, namely: new inter-group marketing opportunities, mature management practices and profit growth through sharing various non-core services. Blue Sky bring us better coverage of the emerging bespoke hosting market as well as strength in depth in the important media market. Their IBM relationship and innovative use of Lotus tools such as Notes, Domino and Quickplace have brought industry recognition. We are keen to see them further develop, with our help, their already impressive client list.”
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About Blue Sky
Blue Sky is one of the UK's leading IBM business partners and advises corporate clients on improving the execution of business using the Internet. A London based e-solutions specialist, Blue Sky currently offers a comprehensive range of strategic, creative, technical and infrastructure services that include web and digital media design, software application
development, Internet hosting and e-business consultancy.
Steve Johnston, CEO, Blue Sky
Tel no: 020 7693 6500
Jo Booth, MPRn
Tel no: 020 7242 3188
Mobile: 07730 777990
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