Business
Agreement with Easynet
Agreement with Easynet.
About this update from Cloudcoco Group Plc
[{"type":"text","content":"\n \nRNS Number : 6062R Pinnacle Technology Group PLC 15 September 2014 \n\nPinnacle Technology Group PLC\n15th September 2014\n \n \nPinnacle Technology Group plc (the \"Company\")\nAnnouncing Connectivity Network Transformation and Enhancement with Easynet\n \nThe Company is pleased to announce that it is entering in to a non-exclusive relationship with Easynet Ltd for the purpose of transforming and enhancing part of Pinnacle's legacy network estate.\nDrawing on the strength, size and capacity of Easynet's carrier integration network and a resource base of world class engineering expertise, Pinnacle will now be able to tailor enhanced, secure connectivity solutions for any size of customer in multiple market segments. Pinnacle's operations and engineering teams will work closely together to consolidate business processes as part of phased transformation and migration of the organisation's legacy network. Pinnacle's customers will benefit from a 'one stop shop' approach to enhanced, high performance connectivity access solutions with better speeds, choice and enhanced customer service.\nThe arrangement is primarily a cost reduction activity; however there will be additional up-sell opportunities available in certain geographies as a result of the arrangement.\nIn 2013 Easynet Ltd was acquired by MDNX Ltd, a leading independent integrator providing critical managed networks and cloud computing infrastructure to major UK enterprise, local government and channel partners. \nThe arrangement is expected to significantly improve Pinnacle's access network cost base, with the benefit starting to materialise in the second half of the 2014/2015 financial year.\n \n All company announcements can be found at www.pinn.uk.com\nFor further information please contact:\n\n\n\n\n\n\n\n\n\n\n\n\nPinnacle Technology Group plc\nNicholas Scallan, Chief Executive\nJames Dodd, Non-Executive Chairman\n\n\n0208 185 6393\n\n\n\n\n \nN+1 Singer\nShaun Dobson / Ben Wright\n\n\n \n020 7496 3000\n\n\n\n\n \nBeattie Communications\n\n\n \n0844 842 5490\n\n\n\n\nNeil McDonald/David Walker\n\n\n\n\n\n\n\n \n \nAbout Pinnacle\nPinnacle Technology Group plc (AIM: PINN) offers a wide range of IT managed services and solutions.\nWe are specialists in Managed Support Services, Unified Communications&...