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C5 Alliance acquires Itex Holdings

31/07/2013

C5 Alliance acquires Itex Holdings

31/07/2013

​C5 Alliance Group Limited has today announced its acquisition of Itex Holdings Limited in Jersey, Guernsey and the Isle of Man, previously owned by Media Group, Claverley.

It is hoped that bringing together the joint skills of over 150 IT experts from both companies will create opportunities for growth, both on and off-island, helping to support the local economy and employment.

The combining of resources and administrative efficiencies should allow for cost savings and provide improved job security for all employees, however there may be some staff changes later on as the new group restructures.

There will be no disruption of service to any Itex clients; all maintenance contracts will be honoured and delivered using the skills of both organisations.

The Itex walk has been run through a charity trust for many years; therefore it does not form part of this acquisition and will in no way be affected.

Mark Loane, CEO of C5 Alliance Group Limited, commented:

“The completion of this deal is a strategically important development, creating the only locally owned, full-service, technology player in the marketplace, meaning that these essential capabilities are retained for the economic and social benefit of the Channel Islands. 

My aim for the future of the new C5 Alliance Group is quite simply to provide the highest quality business solutions, IT services and outsourcing in the Channel Islands, working in partnership with our customers to enable them to change and run their businesses better.

 

The group will continue to actively contribute to the local digital industry, both intellectually and economically, and support a digitally enabled community through our CSR efforts.

 

I can also confirm that we will shortly be making some positive announcements regarding the promotion of several key people, originating from within both the C5 and Itex teams.

Additionally, we will now be actively recruiting, specifically for smart people who are interested in being rewarded for doing innovative work.”

Q and A re Itex Acquisition.pdfQ & A re: Itex Acquisition.pdf

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