FOR IMMEDIATE RELEASE
Sales up by 54% to in excess of £100 million in 2007
Calyx continue growth trajectory through acquisitions in UK and Ireland
31st March 2008 – Calyx, is taking the first step in a major expansion programme geared at positioning it as the number one independent, single source provider of end-to-end Information & Communications Technology (ICT) in the UK and Ireland. Today it has announced that it will be bringing its nine individual divisions under the one Calyx brand.
Since 2002, Calyx has invested in the development of its service offering through the acquisitions of Matrix Communications, Mentec International, Network Partners, ITS Technology Services and ServiceTec. This investment has been in response to market demand for managed services with a greater premium on integrated service delivery.
Calyx was established in 2002 following an MBO led by Maurice Healy, from parent company Alphyra. Calyx was then floated on AIM and the Irish Stock Exchange and then in 2007, Healy initiated another MBO, taking Calyx back into private ownership. Calyx has the support of its major shareholder, Alchemy Partners, to continue its growth strategy, both organic and acquisitive.
Maurice Healy, chief executive of Calyx, said: “The rebranding marks ‘the end of the beginning’ for Calyx and the start of an exciting new phase of development and expansion over the next five years.
“The new Calyx will provide a platform for further growth across the group and will make it better placed to integrate new acquisitions. This is the first step in a major expansion programme geared to position Calyx as the number one ICT player in the UK & Ireland.”
Calyx’s first financial update since going private in July last year, reported a turnover in excess of £100 million, up by 54% on the previous year. Turnover has more than trebled over the last two years.
Calyx’s customers now have access to all the ICT technology and expertise they need from one, single supplier. Calyx can boast a portfolio of clients including AIB, Citi, O2, London Fire Brigade, hospitals and government departments.
For further information please contact:
Fiona Whyatt / Deborah Leah
Insight Marketing & Communications Ltd
01625 506437 / 01625 506429
firstname.lastname@example.org / email@example.com
Notes to editors:
In the UK, the following companies will come together under the Calyx brand: Matrix Communications, Mentec International, Network Partners, ITS Technology Services and ServiceTec.
In Ireland, the following companies will come together under the Calyx brand: Calyx Voice, Calyx Data, Calyx Training, Mentec International and Entropy.
Calyx is the number one, independent, single source provider of end to end Information & Communication Technology (ICT) in Ireland and the United Kingdom.
Established in 2002 and under private ownership since 2007, Calyx now employs over 500 staff across twelve different locations with turnover in excess of £100 million.
A complete solutions provider, Calyx provides hardware & software products, network services, professional services, and support & managed services
For more information please visit www.calyxgroup.com
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