Acquisitions bolster Maintel numbers

Telco and managed services player Maintel has recorded a decent 2014 with acquisitions playing a part in the growth

Telecoms and data managed services specialist Maintel saw revenues for the past year rise significantly on the back of its strategy to acquire to deepen its offering.

Revenues for 2014 shot up by £10m compared to 2013 with the contributions from Datapoint and Proximity highlighted as having helped get to that number. Pre-tax profits also improved to £6.1m for 2014, up from £5.2m the year before.

Proximity was snapped up in October last year as Maintel looked to bring on board the unified comms and managed services player to provide more depth to its data, wireless and network security offerings.

Just 13 months earlier in September 2013 the firm announced it was paying £3.5m to pick up the UK and Irish operations of unified comms and contact centre specialist Datapoint, adding it to a list of acquisitions that had included Redstone's maintance assets back in 2010.

Eddie Buxton, CEO of Maintel Group, said that it had been able to reap the benefits of the two acquisitions and deliver organic growth despite challenging economic conditions.

“ Our achievements have been complemented by two acquisitions, which have brought additional strengths in the areas of unified communications, contact centres, design authority, data networking, security and wireless," he said.

For a firm that has enjoyed acquisitions fairly regularly over the past four years the prospect of further growth this year is likely with Buxton hinting that if the deal was right it would make a purchase.

“We remain committed to considering further acquisition opportunities where these can be seen to add shareholder value. In addition, we continue to grow our expertise in evolving technologies, such as hosted environments. We’ve already made encouraging organic progress in this area, including the recent launch of the Maintel Cloud unified communications and contact centre proposition," he said.

The results alsom provided a moment to underline the investment that Maintel had made in staff over the past year with Rob Leader, heading-up the firm's mobile and network services divisions; and former Proximity marketing and sales director Stuart Legg, becoming group sales director.

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