Outsourcery shares bounce back on Microsoft deal

SHARES in Outsourcery, the AIM-listed cloud computing company fronted by Piers Linney, one of the investors on Dragon’s Den, have surged more than 60% on news of a new deal with software giant Microsoft.

Manchester-based Outsourcery, which has had a rather difficult time as a public company, saw its stock rocket 64% at one stage to 16.75p as it has been selected to take part in the Microsoft Cloud Solution Provider Programme.

The deal means Outsourcery will now be able to take over the billing relationship with Office 365 customers and it is one of the few UK cloud companies to be selected by Microsoft.

Piers Linney said: “Our inclusion in the Microsoft Cloud Solution Provider Program, which has only been made available to a limited number of Microsoft partners, allows us to sell, bill, manage and support Office 365 and own the complete customer lifecycle.  

“We are able to further integrate Office 365 with our own offering down to billing whereas previously the billing and contractual relationship was managed by Microsoft. As we have already proven, we can add material value for end-customers by integrating Office 365 with our own cloud capabilities to create hybrid solutions for commercial and public sector organisations.”

Despite the up-tick in its shares Outsourcery’s stock is still a long way – down 87% –  from the 112p it floated at last year and its 128p peak.