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
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.
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.
will be no disruption of service to any Itex clients; all maintenance contracts
will be honoured and delivered using the skills of both
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.
Loane, CEO of C5 Alliance Group Limited, commented:
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
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
we will now be actively recruiting, specifically for smart people who are
interested in being rewarded for doing innovative work.”
Q & A re: Itex