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Description of business:
Immediately prior to admission, Redcentric will acquire InTechnology Managed Services Limited ("InTechnology"). Following admission, the business of the Enlarged Group will be that of both Redcentric and InTechnology. Admission will be by way of a reverse takeover due to the size of the transaction. Redcentric comprises the network-based Managed Services business which has been demerged from Redstone plc. Redcentric delivers ICT solutions and services tailored to meet clients' needs; its offering is differentiated by its proprietary networks, creating a genuine end-to-end client service proposition. Redcentric benefits from an established reputation for delivering robust and reliable mid-market Managed Services solutions while focusing on maintaining flexibility to meet customer requirements. The services Redcentric delivers include: (i) designing, implementing, securing and maintaining ICT networks; (ii) hosting services, software and data in the Cloud; and (iii)managing the ICT environment utilised in the delivery of the services, software and data. Redcentric's main country of operation is the United Kingdom. InTechnology, a wholly owned subsidiary of InTechnology plc, is also a Network-Based Managed Services business, providing Cloud services including: (i) network services: from straightforward point-to-point connectivity to full network design and redesign; (ii) hosting services: including colocation with secure 24/7 monitored rack space and a complete wrap-around service; (iii) data services: InTechnology offers online replication, backup, archiving and cloud storage services; (iv) voice services: such as calls and lines, SIP trunking, cloud telephony, call recording and unified communications; and (v) software services: including NetDocuments, Microsoft SharePoint, SQL and Exchange solutions. The Enlarged Group will have an expected combined estate of four major data centres with 1,255 racks and a client base of over 2,000 companies.

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Redcentric plc

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