(NXS) Nexus Management
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| 27-01-12 | PRN |
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27 January 2012 Nexus Management Plc (AIM:NXS) ("Nexus" or"the Group" or "the Company") Further re Strategic review Further to the announcements made on 1 November and 9 December 2011, Nexus Management Plc, the AIM quoted provider of specialist IT Managed Services, announces that, as part of the strategic review process, the Board is considering a range of alternatives to maximise value for shareholders, including a possible sale of Resilience Technology Corp ("Resilience"). To assist in the potential sale of Resilience the Company has appointed advisers, to assist it in identifying potential third party buyers. The Board has also granted permission to the management team of Resilience to explore a management buyout of this business. The above process is still at a very preliminary stage and a further announcement will be made in due course. FURTHER ENQUIRIES Nexus Management plc M Barney Battles Tel: 0778 976 6242 Merchant Securities Limited (Nominated Adviser) Simon Clements / David Worlidge Tel: 020 7628 2200 Rivington Street (Broker) Jon Levinson Tel: 020 7562 3351 Bishopsgate Communications Ltd Nick Rome / Deepali Schneider/Natalie Quinn Tel: 020 7562 3350 Notes to Editors Nexus Management is an IT Managed Services Provider specializing in reducing the cost and complexity of IT for companies. Nexus has been a pioneer in cloud computing and virtualization with many customers benefiting from these modern disciplines. Nexus operates in two key markets: Europe and the US, where it can offer customers 24 hour help desk support, Remote Server Management, Wide Area Network Management, equipment monitoring, Disaster Recovery, Data Storage and Desktop Support, and through its Resilience Technology Corporation subsidiary (www.resilience.com), bullet-proof network security. Resilience has since 1985 delivered network security appliances with the most advanced operating system. RES/OS boasts such features as open systems flexibility and life cycle management innovations for mission-critical applications. Resilience's high performance solutions are designed for network environments where availability is essential and security must not be compromised. Nexus Management is incorporated in the United Kingdom and its shares are quoted on the London Stock Exchange (AIM). http://www.nexusmanagementplc.com/ END More |
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| 09-12-11 | PRN |
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09 December 2011 Nexus Management Plc (AIM:NXS) ("Nexus" or"the Group" or "the Company") Trading update,Directorate Changes and Contract Review. Trading Update Nexus Management Plc, the AIM quoted provider of specialist IT Managed Services, is pleased to announce its unaudited pre-close trading update in advance of its final results for the year ended 30 September 2011 which are expected to be released in early 2012. The figures below are unaudited and remain subject to audit adjustments. Highlights: * Revenue increased from £5.85 million to £5.9 million; * Operating profit increased by over £500,000 to £396,000 compared to a loss of £136,000 in the previous year. (Operating profit is calculated before impairment, amortisation, share based payments and exchange rate movements) * Cash at bank and in hand increased by £28,000 in the year to £409,000. * Operating costs substantially reduced. During the year ended 30 September 2011 the Company rationalised its overhead base, which provided a much leaner operation upon which to build. The main drivers in this area were to streamline common functions across the Group, increasing margins derived from projects, a continued focus on cost control and cash maximisation processes. The Company also announces that one of its largest clients has an annual contract review in early 2012. The Company is actively engaged in this review process particularly as that there have been some key organisational changes within this client during the last 12 months. Commenting on the trading update, CEO of Nexus, Roger Richardson, said: "We have worked hard towards our goal of achieving profitability at all of our subsidiaries. As stated above, this continued objective is reliant upon a positive conclusion to the negotiations with the above mentioned client. Our focus remains to increase revenues across the Group while reducing unnecessary operating costs. We have achieved this during a period of austerity which is a great credit to the Nexus management team." Directorate Changes The Company also announces that Roger Richardson, Executive Chairman, has decided to resign as a director of the Company with immediate effect to pursue his other business interests. He will remain as a consultant to the Company for a period of 18 months to allow for an orderly handover. M Barney Battles will assume the position of Executive Chairman whilst the Company completes its strategic review. Commenting on the directorate changes, M Barney Battles, said: "I would like to thank Roger for all his work and commitment to the Company over the last eight years. He has overseen a number of changes in the business in this period and leaves the business on a stronger footing." FURTHER ENQUIRIES Nexus Management plc M BarneyBattles Tel: 0778 976 6242 Merchant SecuritiesLimited (Nominated Adviser) Simon Clements/David Worlidge Tel: 020 7628 2200 Rivington Street (Broker) Jon Levinson Tel: 020 7 562 3351 Bishopsgate Communications Ltd Nick Rome/Deepali Schneider/Natalie Quinn Tel: 020 7562 3350 Notes to Editors Nexus Management is an IT Managed Services Provider specializing in reducing the cost and complexity of IT for companies. Nexus has been a pioneer in cloud computing and virtualization with many customers benefiting from these modern disciplines. Nexus operates in two key markets: Europe and the US, where it can offer customers 24 hour help desk support, Remote Server Management, Wide Area Network Management, equipment monitoring, Disaster Recovery, Data Storage and Desktop Support, and through its Resilience Technology Corporation subsidiary (www.resilience.com), bullet-proof network security. Resilience has since 1985 delivered network security appliances with the most advanced operating system. RES/OS boasts such features as open systems flexibility and life cycle management innovations for mission-critical applications. Resilience's high performance solutions are designed for network environments where availability is essential and security must not be compromised. Nexus Management is incorporated in the United Kingdom and its shares are quoted on the London Stock Exchange (AIM). http://www.nexusmanagementplc.com/ END More |
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| 30-11-11 | PRN |
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30 November 2011 Nexus Management plc ("Nexus" or the "Company") Update re Trading Statement Nexus Management plc, the IT Managed Services Provider, announces that further to the announcement made on 1 November 2011, the Company now intends to publish a pre-close trading statement on 14 December 2011. The final results for the year ended 30 September 2011 are expected to be released in late January 2012. The delay is to allow the Board additional time to complete the strategic review which commenced on 1 November 2011. FURTHER ENQUIRIES Nexus Management plc Roger Richardson, Chief Executive Tel: 01862 812 107 Merchant Securities Limited (Nominated Adviser) Simon Clements/David Worlidge Tel: 020 7628 2200 Rivington Street (Broker) Jon Levinson Tel: 020 7562 3351 Bishopsgate Communications Ltd Nick Rome/Deepali Schneider/Natalie Quinn Tel: 020 7562 3350 nexus@bishopsgatecommunications.com Notes to Editors Nexus Management is an IT Managed Services Provider specializing in reducing the cost and complexity of IT for companies. Nexus has two key markets: Europe and the US, where it can offer customers 24 hour support. Nexus provides Remote Server Management, Wide Area Network Management and Monitoring, Disaster Recovery, Data Storage, Help-Desk, Desktop Support, and through its new subsidiary Resilience Technology Corporation (www.resilience.com), bullet-proof network security. Resilience has since 1985 delivered network security appliances with the most advanced operating system. RES/OS boasts such features as open systems flexibility and life cycle management innovations for mission-critical applications. Resilience's high performance solutions are designed for network environments where availability is essential and security must not be compromised. Nexus Management is incorporated in the United Kingdom and its shares are quoted on the London Stock Exchange (AIM). http://www.nexusmanagementplc.com/ END More |
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| 01-11-11 | RNS |
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RNS Number : 2098R Nexus Management plc 01 November 2011 1 November 2011
Nexus Management plc ("Nexus" or the "Company")
Directorate Changes
Nexus Management plc, the IT Managed Services Provider, announces that Marcus Hanke, Marcus Yeoman and Mark Battles have been appointed as Non-Executive Directors of the Company with immediate effect ("New Directors"). Peter Paterson and Jeremy Lister, Non-Executive Chairman and Non-Executive Director of the Company, respectively, will be resigning with immediate effect.
Pete Paterson has served the Company in both executive and non-executive roles over the past 10 years and in 2003 was the architect and major contributor of the refinancing of the business, a move that both saved and transformed the Company. Pete will dedicate his time to his studies at university, which recently has demanded more of his time.
Jeremy Lister has been a non-executive director for four years and has contributed positively and enthusiastically to the development of the Company. He has readily taken on projects including M&A work assisting the Company greatly. Both supportive and challenging, Jeremy has carried out his responsibilities to shareholders with high commitment and integrity.
Consequently, Roger Richardson, currently Chief Executive Officer, will be assuming the position of Executive Chairman on an interim basis.
The New Directors bring a considerable public company experience and specialise in the area of cost control with a proven ability to seek out earnings enhancing acquisitions to help companies achieve critical mass. The search for suitable acquisitions is already underway.
The Company's results for the year to 30 September 2011 will be published in late November, at which point the Company will give a further update on the strategic review now underway.
Executive Chairman Roger Richardson commented: "I would like to personally thank Pete and Jeremy for all their hard work, guidance and professionalism during their time with Nexus. By bringing onto the board new talent it is Nexus's intention to unlock the potential of this business so that we can restore and then enhance shareholder value. The record of Messrs Yeoman, Hanke and Battles speaks for itself and we look forward to updating investors on progress in the coming weeks and months."
FURTHER ENQUIRIES
Matters to be disclosed in relation to schedule 2(g) of the AIM Rules for Companies:
Marcus Nigel Hanke, aged 40, is currently a director of or has been a director in the past five years of the following companies:
Mr Hanke has confirmed there are no other matters to be disclosed in relation to Schedule 2(g) of the AIM Rules for Companies.
Marcus Yeoman, aged 48, is currently a director of or has been a director in the past five years of the following companies:
Mr Yeoman was a director of Westgolf (UK) Limited until 30 November 2002. Westgolf Limited was dissolved on 3 August with a deficiency to creditors of £938,267. Mr Yeoman has confirmed there are no other matters to be disclosed in relation to Schedule 2(g) of the AIM Rules for Companies.
Mark Bernard Battles, aged 44, is currently a director of or has been a director in the past five years of the following companies:
Mr Battles has confirmed there are no other matters to be disclosed in relation to Schedule 2(g) of the AIM Rules for Companies.
Notes to Editors Nexus Management is an IT Managed Services Provider specializing in reducing the cost and complexity of IT for companies. Nexus has two key markets: Europe and the US, where it can offer customers 24 hour support. Nexus provides Remote Server Management, Wide Area Network Management and Monitoring, Disaster Recovery, Data Storage, Help-Desk, Desktop Support, and through its new subsidiary Resilience Technology Corporation (www.resilience.com), bullet-proof network security.
Resilience has since 1985 delivered network security appliances with the most advanced operating system. RES/OS boasts such features as open systems flexibility and life cycle management innovations for mission-critical applications. Resilience's high performance solutions are designed for network environments where availability is essential and security must not be compromised.
Nexus Management is incorporated in the United Kingdom and its shares are quoted on the London Stock Exchange (AIM).
http://www.nexusmanagementplc.com/
This information is provided by RNS The company news service from the London Stock Exchange More |
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| 31-01-12 | ||||
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Smaller companies generally just want to concentrate on being accountants, surveyors etc .. i.e. what earns them their money. That is why cloud services and outsourcing are attractive to them. They don't want to have to put the effort in that is required to manage and maintain in-house systems. Their time is better spent elsewhere.
Larger companies is a different argument and it's difficult to generalise. Many of them have in-house IT staff to look after the aspects of IT that are particular to their businesses. Anything that is either specialised (e.g. security services / consultancy) or easy to contract out (e.g. datacentre services) is however potentially attractive to them. Also, many companies with multiple offices may have the staff centrally, but not in all locations so there is potentially a need for hosting / cloud services / outsourcing in these organisations as well. There are many niches in IT that a company can compete successfully in.. The trick is in finding the right one for your company. STB |
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| 30-01-12 | ||||
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Do you get the smaller company work on the strength of them not having their own experienced staff?
How do you compete against in house with the big companies, surely they still have their own people. |
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| 30-01-12 | ||||
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I don't think it's such a huge problem if you target your efforts appropriately. I have a small IT company but we deal with some very big customers, but also there is a big market for managed services and cloud computing in smaller companies, some of whom prefer smaller companies because they get better service.
In terms of the US market, they only need the smallest percentage of the market to grow to 5 or 10 times their current size. It's all down to the execution. STB |
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| 29-01-12 | ||||
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Two problems I foresee are
1, As hardware margins have fallen over the years, everybody is trying to replace that revenue with service revenue of some sort. HP takeover of EDS being a case in point. A lot of competition driving down margins. 2, Would a CEO of a company want to risk his company IT to a small unknown company. Just about every department of a company depends on the IT function. On-line sales or tele-sales, sales inventory/ despatch, sales invoicing, credit control, production planning, material purchase order processing, computer aided design, company payroll. |
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