September 19, 2005 - Following Redstone plc’s acquisition of Xpert Group Limited, Redstone has been restructured into four autonomous operating units, supported by a small head office team, as follows:
Redstone Converged Solutions – the combination of Xpert Communications and Redstone’s Solutions businesses which is a converged IP solutions provider with expertise in contact centres, voice and video, IP networks and security.
Redstone Technologies – previously Xpert Technology, an HP Elite Partner specialising in providing business critical server solutions, storage area networks and complex service clusters.
Redstone Telecom – specialising in selling value added inbound and outbound minutes along with other associated products.
Redstone Managed Solutions – specialising in providing managed IT solutions such as bespoke secure internet access, remote monitoring, back-up and hosting services along with application development and support.
Martin Balaam, Chief Executive Office of Redstone plc, formerly Chief Executive of Xpert Group said, “In order to give the company a stable platform for growth the Board identified four core actions that needed to be completed in the short term:
The integration of Xpert and Redstone
The implementation of all available synergies
The re-organisation of the business so as to deliver immediate profitability and cash generation, and
The creation of a group structure that allows effective management control of the current business and its planned expansion
The company has focused on reducing expenditure to allow the business to generate cash from its existing revenue base. This has been achieved by re-organisation which has also given Redstone a firm footing from which to develop its strategy for growth.
The company has developed a strong platform for its future growth, is largely debt free, is expected to be cash generative and is much better positioned to take advantage of a developing and consolidating market place”. - ends - About Redstone Redstone plc delivers a complete range of specialist voice, data and smart building communications services and networking solutions. As a multi-tier ISP and network operator holding a telecom licence, the company has 370 staff in eight UK offices and a turnover of over £60m (2004). As an end-to-end provider, Redstone can manage the lifecycle of any solution from consultancy to delivery and managed services, backed up by excellent customer care. It has accreditations from Cisco and Avaya as a Global Partner and strategic partnerships with vendors including BT Wholesale and Siemens. Working across all market sectors, Redstone has particular expertise in education, healthcare, local government, property and retail. Redstone is Cisco Systems UK Mobility Partner of the Year and won the 2003 Channel Network Award for innovation for developing the retail network infrastructure at Bullring Birmingham. For more information see www.redstone.co.uk