Agreement with Easynet

RNS Number : 6062R

Pinnacle Technology Group PLC

15 September 2014

 

Pinnacle Technology Group PLC

15th September 2014

Pinnacle Technology Group plc (the "Company")

Announcing Connectivity Network Transformation and Enhancement with Easynet

The 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.

Drawing 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.

The 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.

In 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.

The 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.

 All company announcements can be found at www.pinn.uk.com

For further information please contact:

Pinnacle Technology Group plc Nicholas Scallan, Chief Executive James Dodd, Non-Executive Chairman	0208 185 6393
N+1 Singer Shaun Dobson / Ben Wright	020 7496 3000
Beattie Communications	0844 842 5490
Neil McDonald/David Walker

About Pinnacle

Pinnacle Technology Group plc (AIM: PINN) offers a wide range of IT managed services and solutions.

We are specialists in Managed Support Services, Unified Communications and Collaboration, IT Security, Communications and Mobility, Software as a Service (SaaS) and Infrastructure services.

Through the accumulation of years of experience in leading edge innovation, dedicated support, and impartial expertise, Pinnacle is best placed to design and deliver cost effective new technology solutions for its customers. Pinnacle works with some of the most prestigious organisations in the UK, who rely on us to deliver robust, bespoke technical solutions that deliver sustained value.

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