Daisy completes 26th deal

Telecoms provider Daisy Group has completed its 26th deal since it was established in 2001, with the acquisition of Managed Communications for up to £6.3 million.


Telecoms provider Daisy Group has completed its 26th deal since it was established in 2001, with the acquisition of Managed Communications for up to £6.3 million.

Telecoms provider Daisy Group has completed its 26th deal since it was established in 2001, with the acquisition of Managed Communications for up to £6.3 million.

Nottingham-based Managed Communications specialises in providing internet access to small and medium-sized companies (SMEs) and generated revenue of £3.8 million in 2009.

Matthew Riley, CEO of Daisy, says that the combination of Managed Communications’ product offering and Daisy’s SME customer base creates cross-selling opportunities.

In the nine months ending September 2009, Daisy reported revenue of £30.9 million and pre-tax losses of £2.1 million.

Nick Britton

Nick Britton

Nick was the Managing Editor for growthbusiness.co.uk when it was owned by Vitesse Media, before moving on to become Head of Investment Group and Editor at What Investment and thence to Head of Intermediary...

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