Redcentric CEO resigns after 'mixed' H1

Tom Wright
clock • 2 min read

Firm says cost-cutting schemes were not enough to see revenue grow

Redcentric's CEO Chris Jagusz has stepped down following a "mixed" H1 which saw the firm's revenue and profit drop. For the six months ending 30 September 2018 Redcentric's sales declined 7.6 pe...

To continue reading this article...

Join CRN

  • Enjoy full access to channelweb.co.uk - the UK’s top news source for the IT channel
  • Gain the latest insights through market analysis and interviews with channel leaders
  • Stay on top of key trends with the Insider weekly newsletter curated by CRN’s editor
  • Be the first to hear about our industry leading events and awards programmes

 

Join now

 

Already a CRN member?

Log in

You may also like
Redcentric in the black during FY23 thanks to acquisitions

Reseller

The British MPS reported a 52 per cent growth in FY23 following five acquisition

clock 25 August 2023 • 1 min read
Redcentric completes acquisitions of Sunguard assets for £10m

Financial and Reporting

The MSP announced the plans last month

clock 08 July 2022 • 1 min read
Redcentric says its 'looking for scale acquisitions' through new £100m loan

Reseller

MSP says it has up to £100m to spend on M&A as it looks to add scale and new capability to the business

clock 28 April 2022 • 2 min read

Sign up to our newsletter

The best news, stories, features and photos from the day in one perfectly formed email.

More on Finance and M&A

MSP acquirer Evergreen buys second UK business with Digital Origins

MSP acquirer Evergreen buys second UK business with Digital Origins

The deal marks Evergreen's second expansion into the UK MSP market

Kelsey Rees
clock 08 April 2024 • 2 min read
Cisco closes $28bn Splunk deal: 5 big AI, security and partner things to know

Cisco closes $28bn Splunk deal: 5 big AI, security and partner things to know

“We will revolutionise the way customers leverage data to connect and protect their organisation as we power the AI revolution”

Mark Haranas
clock 19 March 2024 • 6 min read
Jonathan Simnett: Should you let private equity invest in your channel business?

Jonathan Simnett: Should you let private equity invest in your channel business?

Jonathan Simnett, UK director at M&A consultancy Hampleton Partners, explores the impact of private equity on channel companies and their teams

Jonathan Simnett
clock 18 March 2024 • 5 min read