AlwaysON announces major investment and the acquisition of a majority stake by Foresight Group
AlwaysON Group ("AO") today announces that Foresight Group has agreed a major new investment and acquired a majority stake in the Company in order to accelerate new product and revenue growth and facilitate core MPLS network and application.
Online, August 23, 2010 (Newswire.com)
-
Announcing the investment Martin Peck said "This is a great opportunity to take the business forward and seek to build on AO's reputation for working in secure and complex MPLS communications environments. The Company has been particularly strong in working with remote/multi location customers, and in the construction, security and public sectors. The immediate priority has been to strengthen the core network and team. Our next challenge is to
extend growth into new sectors and to exploit AO's technical prowess in Unified Communications
("UC") where we have established a particular expertise in large Microsoft OCS installations
integrated into the public telephone network."
Russell Healey, AO Director & speaking for Foresight said "We have seen great potential in this
market and the opportunity to secure a controlling position and to invest further in AO provides an
excellent prospect and is a good fit for our technology investment criteria."
About Alwayson:
AlwaysON (http://www.alwayson.co.uk) is a secure MPLS managed network provider enabling location and remote site/worker connectivity for the transmission of data, video and voice traffic. AO also implements, hosts and manages a range of applications on Unified Communications including collaboration software (eg Microsoft OCS) and security products (Firewalls & content filtering).
About Foresightgroup:
Foresight Group (www.foresightgroup.eu) is an alternative asset manager with a strong 25 year
track record and specific expertise in environmental infrastructure, solar energy and private equity. The group has over 200 years of collective investment experience and offers entrepreneurial managers capital and hands-on expertise to create long-term value and generate higher returns for shareholders. Foresight Funds are quoted on the London Stock Exchange and it has over £200m of funds under management.
Contacts:
Martin Peck, CEO, AlwaysON: Phone: +44(0)845 2418330; m: +447810 646661; e-mail: [email protected]
Russell Healey, Foresight Group: t: +44(0)1732 471819; [email protected]
Share:
Tags: Managed network services, MPLS network, unified communications
