Transcend Corporate Finance has advised newco, RMS Managed ICT Security Limited (“RMS”) and its management team on the buy-out of the trade and assets of the security division of Redstone Managed Solutions Limited, itself a wholly owned subsidiary of Redstone plc.
Stoke on Trent based RMS trades as a specialist provider of IT security, offering solutions in anti-virus, firewall and network management, and access and data loss prevention. The company secures and manages some of the UK’s most successful private and public sector organisations, and has partnerships with leading vendors such as Computer Associates, Checkpoint, McAfee, Microsoft, and Sophos, amongst others.
Ian Aldridge, who led the transaction for Transcend, said, “Whilst RMS is already an expert in the provision of endpoint, network, e-mail, and web content security, encryption, and data loss prevention, management will now increase focus on growing the company’s managed services offering, including penetration testing, vulnerability assessment, and managed firewalls. In addition, with the continuing take up of Cloud Computing, RMS is ideally placed to meet increasing demand for organisations to implement automated, end-to-end security, with emphasis on integrity and resilience, across their Cloud Computing infrastructure.”
The management team was led by Robert Cavan as Managing Director, with Paula Benoit as Finance Director. The Non-Executive chairman is Norman Terret, a past president and CEO of Equant.
Robert Cavan commented, “Transcend did a great job supporting management on this transaction, from helping us negotiate the terms with the vendor, structuring the transaction, to finding the finance, managing the process and successfully delivering it.”