AdEPT Technology Group PLC

13 September 2021

13 September 2021

RNS Reach


("AdEPT" or the "Group")

Datrix acquisition integrating well

AdEPT (AIM: ADT), one of the UK's leading independent providers of managed services for IT, unified communications, connectivity, and voice solutions, is pleased to report that Datrix, a substantial and strategically important acquisition announced in April 2021 is integrating well with early key goals achieved.

GOAL 1 - Migration to core systems

Immediately following the acquisition, the Datrix team began work with AdEPT's Project Fusion team to migrate to the Group's internal systems, ONE AdEPT. We are pleased to report that this was successfully and smoothly achieved in August, ahead of plan.

As a result, we are already seeing increased operational insight across the internal teams.

Datrix's outstanding products, services and partners has added significantly to our capabilities, bringing scale and extending both our expertise and our solution breadth. The swift integration means our customers in this large and growing marketplace are already beginning to benefit as we share the expertise brought to the Group by the acquisition.

GOAL 2 - Secure contract renewals

Since being acquired, the Datrix team have maintained AdEPT's high customer retention rate, with contract renewals achieved alongside positive customer feedback about the acquisition.

Key customer renewals have included a three-year extension for a major client that forms part of the critical national infrastructure and a two-year extension for a UK-wide 160 site NHS client.

GOAL 3 - Win new business

Alongside securing key renewals it was critical to continue the positive momentum of new business wins for Datrix, and we are pleased to report that the team have recently won the following large projects

   --    A fully managed SASE Service for a pan-European electrical parts distributor 

-- A critical project delivering a managed SASE and Network Service for a UK-wide logistics company

   --    A Managed Network and SASE Service for a prestigious independent school 

The next step is to achieve cross-selling success, capitalising on the scale, expertise and expanded capabilities brought about by the acquisition.

Phil Race, CEO of AdEPT said:

"The Datrix acquisition is a game changer for us, and we are really enthused by its swift integration and even more so by the opportunities we are seeing following its addition to the Group. We already have sales engagements with both new and existing clients, which is extremely encouraging."

Mark Thomas, MD of Datrix said:

"We are getting very positive feedback from clients about the benefits of scale from the larger Group. The joined-up approach to new business, enabled and underpinned by the ONE AdEPT platform, will be a focus in the months ahead as we continue to demonstrate the benefits of our combined capabilities - adding further value to our existing customer base as well as attracting new clients."


 AdEPT Technology Group Plc 
 Ian Fishwick, Chairman              Tel: 07720 555 050 
 Phil Race, Chief Executive          Tel: 07798 575 338 
 John Swaite, Finance Director       Tel: 01892 550 243 
 Singer Capital Markets (Nominated 
  Adviser & Broker) 
 Shaun Dobson / Rachel Hayes         Tel: 020 7496 3000 
  / William Goode 
 Belvedere Communications 
 Cat Valentine                       Tel: 07715 769 078 
 Keeley Clarke                       Tel: 07967 816 525 

About AdEPT:

AdEPT is one of the UK's leading independent providers of managed services for IT, unified communications, connectivity, and voice solutions. AdEPT's tailored services are used by thousands of customers across the UK and are brought together through the strategic relationships with tier-1 suppliers such as Openreach, Vodafone, Virgin Media, Avaya, Microsoft, Dell, and Apple.

AdEPT is listed on the London Stock Exchange (AIM: ADT). For further information please visit: www.adept.co.uk .

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(END) Dow Jones Newswires

September 13, 2021 02:00 ET (06:00 GMT)

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