Redstone secures 3.0m pounds of net new business

Network-based managed services and technology solutions provider, Redstone, has announced the renewal and expansion of a managed services agreement with a financial services organisation.

Network-based managed services and technology solutions provider, Redstone, has announced the renewal and expansion of a managed services agreement with a financial services organisation.

In an update issued on Tuesday, the company reported that the contract is worth approximately £6.9m over a three-year term, £3.0m of which is net new business.

It said that the deal sees the renewal of an existing 'adds, moves and changes' arrangement with the organisation for a further three years.

Redstone has also won an extension of the contract to provide full deskside high touch support services across the UK.

The extended contract covers the EMEA [Europe, Middle East and Africa] region, potentially offering additional opportunities in the future.

Fraser Fisher, Managing Director of Redstone Group Operations, said: "This is a fantastic win for our campus services division. It extends a long-running relationship for another three years and demonstrates how Redstone's flexibility is well received by clients and is winning us additional business."

MF

Recommended

Share tips of the week – 22 October
Share tips

Share tips of the week – 22 October

MoneyWeek’s comprehensive guide to the best of this week’s share tips from the rest of the UK's financial pages.
22 Oct 2021
Three dividend stocks from the dynamic Asia/Pacific region
Share tips

Three dividend stocks from the dynamic Asia/Pacific region

Professional investor Sat Duhra of the Henderson Far East Income investment trust highlights three of his favourite stocks.
18 Oct 2021
Share tips of the week – 15 October
Share tips

Share tips of the week – 15 October

MoneyWeek’s comprehensive guide to the best of this week’s share tips from the rest of the UK's financial pages.
15 Oct 2021
Trading: stash the family cash in this cheap wealth management firm
Trading

Trading: stash the family cash in this cheap wealth management firm

Wealth management is a growth market. Rathbone Brothers should be a prime beneficiary – and looks cheap. Matthew Partridge explains the best way to pl…
12 Oct 2021

Most Popular

How to invest as we move to a hydrogen economy
Energy

How to invest as we move to a hydrogen economy

The government has started to roll out its plans for switching us over from fossil fuels to hydrogen and renewable energy. Should investors buy in? St…
8 Oct 2021
Properties for sale for around £1m
Houses for sale

Properties for sale for around £1m

From a stone-built farmhouse in the Snowdonia National Park, to a Victorian terraced house close to London’s Regent’s Canal, eight of the best propert…
15 Oct 2021
How to invest in SMRs – the future of green energy
Energy

How to invest in SMRs – the future of green energy

The UK’s electricity supply needs to be more robust for days when the wind doesn’t blow. We need nuclear power, says Dominic Frisby. And the future of…
6 Oct 2021