8/17/2009 2:06:00 PM
What is Daisy? The lowdown on Redstone's buyer
Daisy Group, which is a telecoms business based in Nelson, Lancashire and London, employs 360 people and has 40,000 business customers.
The company was established in 2001 and is focused on small and medium sized businesses (SMEs).
The team of directors include CEO Matthew Riley, Stuart Cordingley, former head of product development in the Caudwell group and MD Neil Gething, the founder of Isis Telecommunications.
In a statement made by the company when it first floated on the market it claimed it would focus on ‘a converged product set including access, hosting, voice, mobile and managed services.’
In July, Daisy Group was formed after British telecoms company Daisy and Vialtus were reversed into AIM-listed Freedom4 Group in a £123m deal.
Daisy Group will be looking at a number of acquisitions over the next 12 months, but is currently focusing only on the telecommunications sector.