Salford-based Cisco Master Managed Services partner NetServices has revealed it is in talks with a mystery buyer after its share price leaped just before the weekend.
In a disclosure made to the City, NetServices said it had "r
eceived preliminary
expressions of interest
to acquire its
managed services business, including its shareholding in WAN Services Limited
,
which represents all, or substantially all, of the Company's business and assets."
NetServices said that as yet there was no guarantee that any discussions would lead to a sale, but said it would make a further announcement in due course.
Just
before Christmas NetServices part-owner and Xploite CEO Ian Smith pumped £2.1m of new equity into the business to help fund a roll-up of companies in the sector. He currently owns just over 12% of the firm.
At the time, NetServices said that its directors recognised it "lacked scale" andthere was a "disconnect between the intrinsic value of the technicalcapability" built by the business and its £1.4m market capitalisation".
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