MSP sold off its loss-making Connect division last year to CloudCoCo
Connect and Nimoveri Limited bought for a consideration of £250,000
'Highly probable' sale of Connect business means shareholders can look forward to a positive future, MSP claims
Bournemouth MSP had previously said it was mulling the sale of networking and connectivity subsidiary
MSP's revenue decreased by over £4m in 2020 while adjusted EBITDA dipped under £1m
MSP says it is already enjoying fruits of £22.5m contract win last month
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Revenue declines but losses swing to a profit
Sales fell 23 per cent year-on-year for the MSP