LSE creates new High Growth Segment to attract fast-growing businesses

The London Stock Exchange has unveiled its High Growth Segment as it looks to entice more technology businesses to join the markets. This is what AiM was supposed to do but it seems that this market is just not up to the likes of NASDAQ when it comes to fostering high growth companies. LSE says that the new High Growth Exchange has been developed to meet the needs of fast-growing companies aspiring to be included in the Premium segment of the UKLA’s Official List. Under the new rules, companies will

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Daisy Group to manage 2e2 Data Centre business | Comms Dealer

Daisy Group has been appointed by Oakley Capital Private Equity to manage the 2e2 Data Centre business, doubling the amount of data centre power resource across the Group. Oakley has acquired, through a purpose vehicle, Daisy Data Centre Solutions, the business and assets of the 2e2 Data Centre business owned by the 2e2 Group that is in administration. via Daisy Group to manage 2e2 Data Centre business | Comms Dealer.

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Technology M&A in the UK set for ‘exciting year’ backed by private equity and corporates

With 2012 yielding deals worth £8.3 billion in the UK technology sector, most industry professionals are forecasting more of the same for the coming year. A recent report by BDO is suggesting that a combination of cash rich corporates, ‘bullish’ private equity firms and improving liquidity within capital markets will see UK technology M&A continue to outperform the wider market. BDO’s Paul Russell says that 2013 is set to be a positive year for UK tech M&A. ‘All the conversations we are having with trade buyers and private equity houses

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Hundreds lose jobs at 2e2 after bidders walk away | The Times

Administrators overseeing the sale of 2e2, the failed IT services company, have dismissed 627 staff after failing to convince any of the bidders circling the company to take it over. However, it is understood that the administrators were in talks last night with O2, the mobile network, that could save about 100 jobs. O2 had formed a joint venture with 2e2 to supply IT services to blue-chip customers and hopes to take on the staff to ensure it does not leave its customers in the lurch. O2 declined to comment.

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Crowdcube inks FSA authorisation as it looks to build on UK crowdfunding surge

Crowdcube has become the first regulated crowd-funding platform in the UK to give investors direct shares in businesses as part of its efforts to offer investors more protection. The platform has been working with the Financial Services Authority (FSA) since December 2011 to come to an agreement. To date Crowdcube has signed up 28,000 investors and orchestrated £5 million of investment into 36 businesses since its launch in February 2011. Crowd-Funding has become a very popular way for SME’s and startups to raise relatively small amounts of Debt funding but

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Outsourcery raises further £4m to support continued rapid growth | Comms Dealer

Outsourcery has raised a further £4m to support its growth and scale the business. As the funding round was oversubscribed, the company may elect to raise a further £1m. This financing round included investments by both individual and institutional investors. The cmpany continues to experience strong growth in demand for its integrated cloud-based services via its growing number of partners and their end-customers. Outsourcery’s partners include IT and communications service providers and systems integrators of all sizes. The demand for Outsourcery’s cloud-based services has been particularly strong in the enterprise,

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