Redstone Managed Solutions acquires leading network security provider, Tolerant Systems
July 21, 2006 (PRLEAP.COM) Technology NewsInfrastructure and IT services provider, Redstone Managed Solutions, an operating division of Redstone plc, today announced that it has acquired Tolerant Systems, one of the UK’s leading providers of network security. Based in Stoke-on-Trent, Tolerant Systems has an annual turnover of £5.8m and employs 37 staff. The move sees Redstone Managed Solutions further enhancing its product and solutions portfolio.
Tolerant Systems is a network management analysis monitoring and security company. The Tolerant Systems brand will continue to exist in the short term and this acquisition will give Microsoft Gold Certified partner, Redstone Managed Solutions exclusive rights to sell Computer Associates anti-virus and anti-spyware products to large organisations.
Tolerant Systems will continue to run the business from its current location and the company’s employees will remain with the business. Nick Tunstall, current managing director of Tolerant will remain with the organisation for up to nine months to help ensure the smooth transition between companies.
Tariq Saied, managing director, Redstone Managed Solutions comments: “The Tolerant Systems acquisition further demonstrates our commitment to growth. The company is an excellent fit and will add tremendous value to the Redstone Managed Solutions offering and brand. Tolerant Systems’ excellence in the provision of network security was an extremely attractive proposition and to have this level of expertise in house will be a huge benefit to our organisation and customers.”
“We are really excited to be joining such a fast growing and successful company. A major attraction for us was the support and expertise that will now be available within Redstone Plc and we know that both our staff and clients will truly benefit from this. We are looking forward to the future and know the move will allow us to flourish in such a competitive market,” says Nick Tunstall, managing director of Tolerant.
Commenting on the acquisition, Martin Balaam, CEO, Redstone Plc says: “This is an excellent move for Redstone Managed Solutions, not only does it add necessary scale to the business, but Tolerant also brings additional skills to the division. There is a major upside from cross selling the network security products across the whole Redstone customer base and the Computer Associates exclusivity ensures that we can protect our market share.”
Notes to Editor: One to one interviews available
Redstone Managed Solutions provides a comprehensive portfolio of infrastructure and Internet services. Solutions and services include: IT solutions, managed services and outsourcing, Internet solutions, application and systems development, managed hosting and business continuity solutions, network and infrastructure management and IT and network consultancy. http://www.redstonemanaged.co.uk