Business
Acquisition of Arthurly
Acquisition of Arthurly.
About this update from Tpximpact Holdings Plc
[{"type":"text","content":"\n \n \n RNS Number : 4622P\n Panoply Holdings PLC (The) \n 10 June 2020\n \n \n \n \n 10 June 2020\n \n \n The Panoply Holdings PLC\n \n \n (\"The Panoply\", or the \"Group\")\n \n \n \n \n \n Acquisition of Arthurly\n \n \n \n Advancing the Group\n \n \n 's technical capabilities\n \n \n \n \n \n \n The Panoply Holdings PLC, the technology-enabled services group focused on digital transformation, announces the acquisition of the entire issued share capital of Arthurly Ltd. (\"Arthurly\") \n (the \"Acquisition\").\n \n \n \n \n \n Highlights\n \n \n ·\n Acquisition of \n Arthurly\n ,\n \n a technology services business with\n \n particular strength in the Microsoft Technology Stack\n \n \n ·\n Arthurly has won and delivered a number of projects alongside Notbinary (a business within the Group) over the last six months\n \n \n ·\n Consideration of £412,000, of which £150,000 is to be paid from existing cash resources and the remainder to be settled by the allotment and issue of 365,853 shares in The Panoply\n \n \n · \n Acquisition is expected to be immediately margin and earning enhancing to Notbinary\n \n \n \n \n \n \n Neal Gandhi, Chief Executive Officer of The Panoply, said: \n \n \n \"Arthurly have been working with Notbinary for several months to support bids and to deliver on some of our most important public sector clients. Bringing them into the group adds to our depth of capabilities in hyperscale cloud projects, in particular giving us greater strength on the Microsoft stack. \n \n \n \n \n \n \n \n Like many smaller companies, Arthurly sees the opportunity to maximise the value of their capabilities through being part of a larger group. They are trusted by numerous large client organisations to deliver smaller projects but have been unable to secure larger contracts due to their size. By becoming a wholly integrated part of Notbinary, we expect to see the team at Arthurly being able to move up the value chain to fuel further growth\n \n \n .\n \n \n \n \n \n \n Our clients continue to entrust us during a period of major change and that in turn gives us the confidence to continue to invest in our growth and complete this acquisition at this time.\"\n \n \n \n \n \n Background\n \n \n Arthurly has been working in partnership with Notbinary, one of the existi...