IDE Group mulls sale of networking business as 2020 revenues and profits tumble

MSP's revenue decreased by over £4m in 2020 while adjusted EBITDA dipped under £1m

clock • 2 min read

Bournemouth-based MSP IDE Group saw its revenue tumble during 2020 and is undertaking a "full review" of its operations, which includes considering the divestment of its Connect business. Revenu...

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
IDE Group eyes double-digit growth following sale of Connect business

Reseller

MSP sold off its loss-making Connect division last year to CloudCoCo

clock 27 January 2022 • 1 min read
IDE Group confirms sale of Connect business to CloudCoCo

Finance and M&A

Connect and Nimoveri Limited bought for a consideration of £250,000

clock 20 October 2021 • 2 min read

More on Reseller

French government offers €700m to nationalise Atos' big data and cyber division

French government offers €700m to nationalise Atos' big data and cyber division

The offer follows a letter of intent issued in April

clock 14 June 2024 • 1 min read
Alex Louth unveils new role three months after Logicalis departure

Alex Louth unveils new role three months after Logicalis departure

The anticipation over where Alex Louth is heading next can now simmer down

Kelsey Rees
clock 13 June 2024 • 1 min read
Ricca-Renée Ramsay-Nicol

Ricca-Renée Ramsay-Nicol

CRN
clock 13 June 2024 • 3 min read