Maintel drops M&A hint as revenues soar

Avaya partner says improving economy is prompting firms to upgrade their comms infrastructure

Avaya partner Maintel claims spending on comms is beginning to rebound as it posted a robust set of first-half numbers and hinted it is not yet done on the M&A trail.

The VAR saw revenue power up 52 per cent to £20.7m in the six months to 30 June as recent acquisition Datapoint contributed £6.7m to the top line. Adjusted profit before tax clambered 21 per cent to £2.9m, according to its unaudited first-half results.

Stripping out Datapoint's contribution, organic revenue rose three per cent as the VAR claimed increased confidence in the economy is prompting firms to reinvest in upgrading their comms infrastructure.

It pointed to "significant" wins in the higher education, health and retail sectors.

"This is a positive set of results for the Group, with growth in the core Maintel business complemented by a full six months' contribution from Datapoint," said Maintel chief executive Eddie Buxton.

"The integration of Datapoint is now complete and we remain open to further acquisitions should they provide clear value to shareholders."

Maintel said Datapoint, which it acquired for £3.5m in cash last September, had boosted its prowess on newer communications technologies.

The VAR said it is on track to meet the board's full-year expectations.