XPT Xploite

RNS Number:4391U
XploiTe PLC
04 April 2007

4 April 2007



Xploite plc (formerly Fujin Technology plc)


#10.45 million acquisition of a second IT storage business


Xploite plc ("Xploite" or "the Group"), the operator and aggregator of strategic
and high growth IT services businesses, announces that it has completed the
acquisition of Bristol-based Anix Group Ltd ("Anix"), a value added reseller of
storage hardware and software solutions, for a cash consideration of #4.35
million.  The Group will also repay #6.10 million of debt held by Anix.  This is
the second acquisition of an IT storage business by the Group this calendar
year.


Anix was established in 1989 and until now has remained a privately owned
company.  It is a major UK partner to storage and server solutions vendor, IBM,
as well as a range of other vendors in the sector. For the year ended 31
December 2006, Anix's turnover was #35.5 million and EBITDA was #1.6 million.
The Company had #9 million of recurring revenue from maintenance and services
provided to customers and assets of #0.5 million.


Anix was formed as a specialist in IBM UNIX and Oracle technologies and its
expertise now also encompasses AIX, Microsoft and Linux server technologies.
Anix is a leading implementer of advanced storage solutions including storage
area networks and tiered storage infrastructure to support information lifecycle
management. Anix provides technical training on IBM products, including to IBM's
own staff as well as many other IBM Business Partners, and works closely with
hardware and software partners to ensure that skills are maintained at the
highest levels and that it is able to access the best pricing for its customers.


Anix supports over 130 organisations across both the private and public sectors
from a 24x7 network operations centre in Bristol, and has datacentres in London
and Yorkshire providing hosting for customer systems.


Xploite believes Anix will be an excellent addition to its recent acquisition of
Posetiv Ltd who are a major European partner to storage solutions vendor NetApp
(Network Appliance, Inc).




Ian Smith, Chief Executive Officer of Xploite plc comments:


"In line with our stated strategy to expand in the IT storage services
sub-sector, we now have a combined entity with annualised turnover in excess of
#53 million. We are very confident of extracting synergy and value from the
combination of these two companies, which together have cost approximately #15
million.


"There is an excellent opportunity to become a premier partner to IBM in the UK
and  following IBM's strategic decision to resell NetApp products we are in a
strong position to leverage our skills in both the IBM and NetApp product sets,
combining the experience within each of Posetiv and Anix".


Enquiries:

Xploite                                                           0870 737 2001
Ian Smith, Chief Executive Officer
Robert Arrowsmith, Finance Director

Investec                                                          020 7597 5000
Andrew Pinder / Rowena Murray

College Hill                                                      020 7457 2020
Adrian Duffield / Corinna Dorward










                      This information is provided by RNS
            The company news service from the London Stock Exchange
END

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