Telecoms firm targets customers from failed data management operator

Matthew Riley

Nelson-based telecoms group Daisy has acquired part of data management operator, Sungard UK, from administrators.

Sungard Availability Services UK went into administration in March, blaming soaring energy costs and a refusal by its landlords to lower rents, and Teneo Restructuring was appointed as administrator.

According to reports by Sky News, Daisy Group, headed by founder and chairman Matthew Riley, struck a deal to transfer some Sungard clients, understood to include major banks and other financial institutions.

The administrators distributed a letter to clients saying that Sungard’s workplace recovery sites were “unable to continue as a going concern and that the best outcome for customers at these sites would be for them to transition their services to facilities operated by Daisy Corporate Services Trading Limited”.

It added: “Daisy has significant expertise in the delivery of these services and is recognised as a market leader in the UK for business continuity and operational resilience.”

Sky said Teneo advised Sungard clients to agree new contractual terms with Daisy within a month.

It said following this time period, services provided by it would cease.

The Sungard business in the hands of administrators employs around 300 staff provides cloud-based services as well as physical data centres.

In February this year Mr Riley swooped for rival XLN Telecom in a deal understood to be worth around £210m, making Daisy second only to BT Group in the UK’s SME telecoms market.

Daisy manages mobile, cloud and other services for business customers.

Daisy has been contacted for comment.

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