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Provider: Thomson Reuters Stock Report

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Redstone Group Announces Demerger Of Its Network-Based Managed Services Business To A New Company Redcentric PLC

Sunday, 7 Apr 2013 08:00pm EDT 

Redstone Group has announced the demerger of its network-based managed services business to a new company, Redcentric PLC. The group’s infrastructure solutions division will continue to trade as Redstone. Redcentric will trade as a focused managed services business delivering network services, Infrastructure as a Service, Software as a Service, and a range of other hosted services including collaboration, Desktop as a Service, IP telephony and Video as a Service. Redcentric and Redstone will operate as two separate entities strategically, operationally and financially and with separate management teams. 

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