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BULLETIN
6
Annodata acquires STS after
record year
Annodata has acquired wide format print
specialist STS, following a year of record
profits driven by a combination of strong
organic growth and strategic acquisitions.
In the 12 months to June 30 2014, Annodata
sales grew 9% to £57.4m, with operating profits
up 781% to a record £5.2m. The acquisition of IT
infrastructure provider Keltec last autumn boosted
the Group’s annual revenue by an additional £15
million.
Funded entirely by Annodata’s existing cash
reserves, the acquisition of STS pushes the group’s
annual turnover to more than £80 million and
increases its headcount to 400.
Based in Wetherby, West Yorkshire, STS
specialises in wide format printing – a new area
for Annodata – and has numerous clients in both
the public and private sector, including William Hill,
the Manchester Evening News and the Yorkshire
Post.
STS’s existing staff, including Managing
Director Peter Langstaff, will be retained, with
Annodata’s Leeds office relocating to the STS
offices in Wetherby.
Annodata Chairman Martin St. Quinton, said:
“STS has an impressive portfolio of longstanding
customers including national and local newspaper
groups and, much like Annodata, is particularly
strong in the housing association market. Vendor
agnostic and with a strong, profitable business
model, STS is a great fit for Annodata.”
He added: “Over the next 12 months we will
look to make further strategic acquisitions like
the Keltec deal last year to expand our product
portfolio and tuck-in acquisitions like STS, which
consolidate our position as a leading provider of
print, communication and technology services to
the private and public sectors.”
Annodata has a target of £100 million turnover
by 2016.
Keltec wins place on G-cloud
Keltec, part of the Annodata Group, has been awarded a place on the G-Cloud 6
framework for the first time. The accreditation will enable it to offer infrastructure-as-a-
service and software-as-a-service solutions via the government’s digital marketplace for
cloud services.
Sales Director Simon Pemberton said: “Local government take-up of services through the G-Cloud
has not been as high as other parts of the public sector, so we hope that our experience and existing
customer base at the local level will help improve uptake. Local government is a very different beast to
central public sector organisations and it is important that providers are able to understand their needs
to provide a flexible and personalised service.”
Xeretec opens new
London office
Xeretec has opened a London office at
Beaufort House, St Botolph Street EC3. The
new office will help Xerox’s largest reseller in
Western Europe meet the needs of London’s
established businesses and the 15,000 new
start-ups based around London’s Silicon
Roundabout.
The opening was attended by Ursula Burns,
Chairman and Chief Executive Officer of Xerox
Corporation.
Diego Hervas, President, European Channels
Group, Xerox, said: “The opening of Xeretec’s
new London offices is a sign of its continuing
growth and means that it will now bring all the
benefits of Xerox’s industry-leading technology
and managed print services to the heart of the
City of London.”
Xeretec, a £60 million turnover company,
already has offices in Wokingham, Birmingham
and Warrington in England; in Edinburgh,
Glasgow, Inverness, Aberdeen, Elgin and Dundee
in Scotland; and in Dublin and Galway in Ireland.
Konica Minolta for good
Konica Minolta has been included in the
FTSE4Good Global Index for the 12th year in a
row, achieving top marks for corporate governance
and ‘pollution and resources’ and a high score for
climate change. Other environmental accolades
include a Gold Class ranking in RobecoSAM’s
Sustainability Yearbook 2015 and Prime Status in
oekom research’s 2015 Corporate Rating.
Capita has extended its partnership with The Prince’s Trust by
supporting the youth charity’s Million Makers entrepreneurial
fundraising scheme for the first time.
Million Makers challenges teams from UK companies to turn an initial
investment of £1,500 into £10,000 within six months, with all proceeds
going to The Prince’s Trust. Since it was launched six years ago, Million
Makers has raised over £5 million.
Capita is including Million Makers as a module in its Lead The Way
graduate scheme to help develop employees’ project management,
leadership, teamwork and communication skills.
Each team of 10-15 employees develops a money-raising business
plan, which they must pitch to a Dragons’ Den-style panel. Once the
business plans are finalised, teams spend six months
putting them into action, competing against other
businesses in their region. The winner is the team
that raises the most money.
Capita’s partnership with The Prince’s Trust
started in July 2014. So far employees have raised
over £150,000 through a range of activities like The
Trust’s Palace to Palace Cycle and the Royal Parks
Half Marathon.
•
Capita pledges support to The Prince’s Trust
GO Vision!
Vision has been nominated as a finalist in
the National Government Opportunities (GO)
Excellence in Public Procurement Awards 2015/16
for the Managed Print Solution it developed for
Barnsley College. It is competing for honours in
the Contract Management Initiative of the Year
category.
(l to r) Steve Hawkins, managing director,
Xeretec; Ursula Burns, Chairman and Chief
Executive Officer, Xerox Corporation; and Diego
Hervas, President of Xerox’s European Channels
Group
The Corporate challenge
MillionMakers isanentrepreneurialcompetitionwhichchallenges teams
ofup to10 individuals to turnan initial investmentof£1,500 intoat least
£10,000profit.The team thatmakes themostprofitoversixmonths is
namedNationalMillionMakersChampion.
Theaim is forall the teams to raiseacombined
totalof £1million forThePrince’sTrust.
Martin St. Quinton,
Chairman, Annodata
