Apple reseller Jigsaw24 is about to be sold off.
The Telegraph has reported that private equity group NorthEdge Capital is seeking a buyer for the Nottingham-based outfit. It has a 2016 turnover of £86.9 million which is not to be sneezed at.
The report claimed NorthEdge Capital, which bought a majority stake in Jigsaw24 in 2013, has hired Clearwater Corporate Finance to approach buyers for the business.
The Telegraph concluded that a deal is expected to be announced at the end of this year or early next, with the paper’s sources insisting the move was not linked to concerns that Apple iPhone sales had peaked and it products were on a slow slide to oblivion.
Jigsaw24, one of Britian’s largest Apple resellers, has major clients including Channel 4, BBC Sport and News UK.
Fruity tax-dodging cargo-cult Apple has just staged a night-of-the-long knives on its education partners culling them down to just 14.
Word on the street is that between 24 and 26 Apple Solution Experts – Education (ASE) previously, with Softcat, Insight and Misco are off the books.
All that are left are Academia, MCC, GBM, Trams, Albion, KRCS, Western Computer, Toucan, Jigsaw24, XMA, BT Direct Business, JTRS and for Ireland Wiggle and Compu b.
The theory is that Jobs’ Mon wants to push more through a smaller number of harder working channel partners in the education sector. Apple wants more sustainable services which wrap-around either the iPad or the Mac, apparently.
Apple’s relationship with the channel is fraught due to it being a little inflexible and always wanting things its way. It has been slowly reducing its resellers over the years as it leant on its own retail channel. This way it can have greater control over how its products are presented and with Apple, presentation is everything.
This being the case, the recent cull will probably do more to lesson Apple’s influence instead of promoting it.