Sales up by 54% to in excess of £100 million in 2007

Calyx continue growth trajectory through acquisitions in UK and Ireland

31st March 2008 – Calyx, is taking the first step in a major expansion programme geared at positioning it as the number one independent, single source provider of end-to-end Information & Communications Technology (ICT) in the UK and Ireland. Today it has announced that it will be bringing its nine individual divisions under the one Calyx brand.

Since 2002, Calyx has invested in the development of its service offering through the acquisitions of Matrix Communications, Mentec International, Network Partners, ITS Technology Services and ServiceTec. This investment has been in response to market demand for managed services with a greater premium on integrated service delivery.

Calyx was established in 2002 following an MBO led by Maurice Healy, from parent company Alphyra. Calyx was then floated on AIM and the Irish Stock Exchange and then in 2007, Healy initiated another MBO, taking Calyx back into private ownership. Calyx has the support of its major shareholder, Alchemy Partners, to continue its growth strategy, both organic and acquisitive.

Maurice Healy, chief executive of Calyx, said: “The rebranding marks ‘the end of the beginning’ for Calyx and the start of an exciting new phase of development and expansion over the next five years.

“The new Calyx will provide a platform for further growth across the group and will make it better placed to integrate new acquisitions. This is the first step in a major expansion programme geared to position Calyx as the number one ICT player in the UK & Ireland.”

Calyx’s first financial update since going private in July last year, reported a turnover in excess of £100 million, up by 54% on the previous year. Turnover has more than trebled over the last two years.

Calyx’s customers now have access to all the ICT technology and expertise they need from one, single supplier. Calyx can boast a portfolio of clients including AIB, Citi, O2, London Fire Brigade, hospitals and government departments.