Tag: Cancom

Telefónica Tech wants to be a UK cloud leader

Posted on October 25, 2021 by - News

Telefónica Tech UK&I has its sights set on being the “leader in cloud and cyber in the UK and Ireland”.

Having acquired Cancom’s UK & Ireland business for €398 million in July, Spanish carrier Telefónica has renamed the business as Telefónica Tech UK&I.

Hess said he expected the 600-strong UK business to receive an influx of investment under its new owner.

“The big difference between Telefónica Tech and Cancom is the level of investment they will make to help us grow in the UK and Ireland”, Hess said.

“The ambition is to be the leader in cloud and cyber in the UK and Ireland, and I think they have the wherewithal to help us get there.”

Government names suppliers for Technology Services 3

Posted on July 14, 2021 by - News

The list of awarded suppliers for the £2 billion public sector framework Technology Services 3 has been published

For those who came in late Technology Services 3, allows public sector bodies to “procure information and communication technology services.”  The framework is divided into eight different lots including technology strategy and service design, transition and transformation, a range of operational services lots and service integration and management.

The biggest winners were the suppliers to have been named to all eight lots which were Accenture, Cancom, Capgemini, Deloitte, Insight, KPMG and Telent.

Cancom returns to form, but a little worried about the shut down

Posted on June 22, 2020 by - News

Cancom is reporting quarterly revenue growth above 20 percent, preliminary figures show.

The reseller’s first quarter numbers show revenues were up 27.3 percent year on year to €453 million, which means it is back in business.

It has often exceeded 20 percent growth in its quarterly financials, however, that rate slowed in its final quarter of 2019, when sales grew by 18.9 percent.

Cancom CEO quits

Posted on January 10, 2020 by - News

Cancom CEO Thomas Volk has quit the company over “differing opinions on the future strategic development of the company”.

The company’s supervisory board will replace the outgoing CEO with COO and member of the executive board Rudolf Hotter as of 1 February. Volk’s duties will be split between Hotter and the firm’s CFO Thomas Stark.

Volk took the reins of the company some 15 months ago when  CEO of 26 years, Klaus Weinmann, stepped down. The dark satanic rumour mill manufactured a hell on earth yarn that Cancom was weighing options for a sale – with reseller giants CDW, NTT and Bechtle in the frame to buy the company.

German Cancom snaps up Novosco

Posted on October 15, 2019 by - News

German reseller Cancom has written a cheque for Belfast-based MSP Novosco.

Cancom said the deal for Novosco would strengthen its UK presence and open up direct market access in Ireland for the first time.

Cancom, which has over 3,500 staff, said the “volume” of the acquisition is “approximately” £70 million.

Novosco was this year hit revenues of £55 million and has an EBITDA margin of around 17 percent.

Cancom’s CEO resigns

Posted on August 30, 2018 by - News

banner_220x220Cancom CEO Klaus Weinmann has resigned after 26 years at the helm of the business. Thomas Volk will take over when Weinmann steps down on 30 September.

Weinmann will remain on Cancom’s supervisory board to provide “advice and support” and will continue as CEO of Primepulse Group – a German venture capital firm that is Cancom’s largest single shareholder.

In a statement  Weinman said: “I need not emphasise that Cancom is very important to me. But the growth of the Primepulse Group and the increasing tasks that this entails for me will no longer allow for a dual function as a member of the management board in the future.

“However, I would like to continue supporting the transformation of Cancom in the direction of its cloud and managed services business. I will therefore ask the shareholders to allow me to join the supervisory board.”

Volk is promoted from being Cancom’s president and general manager, which he has held since 1 November 2017.

Volk is already responsible for the group’s go-to-market strategy and marketing and he lead the company back into the UK market with two UK acquisitions, including London-based MSP Ocean Intelligent Communications and £80 million revenue UK reseller OCSL.