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Ramesys sells its education business and integrates its applications software businesses: Re-branded as RedSky IT

Press Release: [December 06, 2005]

Copyright (c) 2005

Abstract: Ramesys has sold its education business for an undisclosed amount and is fully integrating its remaining application software businesses. The education business, which will continue to trade under the Ramesys brand, is being sold to the existing management team headed up by current managing director Bill Donoghue and backed by Lloyds TSB Development Capital.


In line with its strategy to maximise on its position as one of the UK's leading IT application companies, Ramesys has sold its education business for an undisclosed amount and is fully integrating its remaining application software businesses.

The new organisation, which brings together the construction, retail and hospitality and travel businesses, is being re-branded as RedSky IT. The education business, which will continue to trade under the Ramesys brand, is being sold to the existing management team headed up by current managing director Bill Donoghue and backed by Lloyds TSB Development Capital.

"This is a real win:win for all concerned. Our education business is largely involved in IT services and software fulfilment to schools with a different model to our application focused businesses. By making this decision, Bill and his team can continue to specialise as a leading provider to the education market while we can focus on maximising our position as a leading application software business," says Gordon Matthew, CEO of RedSky IT.

The new organisation will have a turnover of 30m, employ over 350 employees and have more than 30 years experience in the IT industry. During these 30 years, the application businesses have developed and maintained leading positions in all their target vertical markets. The construction business is the main IT provider to that sector and the retail business has become the leading supplier to the UK retailing and manufacturing supply chain. The hospitality and travel business is the main provider of property management solutions to over 4,000 hotels and is a major supplier of back office travel agency solutions.

By bringing together its main operating divisions into one organisation, the company is now looking to further maximise on its market leadership positions.

"We are consolidating these software businesses to form one fully integrated business with more scale and potential for growth. By integrating these individual businesses into a single organisation, we will be able to combine our capabilities and strengths, and apply best practice across our company in critical business areas to improve our solutions and the quality of service we provide," concludes Mr Matthew.

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Publication Year:2005
Type of Material:Press Release
Language English
Issue:December 06, 2005
Company: Ramesys
Products: Genesis
Liberate
Subject: Mergers and acquisitions
Record Number:11735
Last Update:2012-12-29 14:06:47
Date Created:0000-00-00 00:00:00