Gamma Communications plc, the Newbury-headquartered IT and communications business, saw continued growth during the first half of the year.
The performance of it UK Direct business is slightly ahead of expectations. Growth has been closer to that of previous years despite the lower order intake during the first lockdown period in 2020. The company was awarded several new contracts during the period, including The Berkeley Group, RSM and The Royal Berkshire NHS Trust.
Across the Netherlands, Spain and Germany, despite the markets being at a relatively early stage of their development, business continues to grow.
In March the Group acquired Mission Labs Limited for £40.2 million, with up to an additional £6.0m contingent deferred consideration payable over the next three years. Integration of the business has gone well and its early performance has been slightly ahead of expectations.
Andrew Taylor, Chief Executive, said: “Despite the ongoing Covid-19 related difficulties across the UK and Europe, I am encouraged by our performance in the first half of 2021. All of our staff have continued to work incredibly hard to keep the business running remotely and our ongoing support of partners and customers has been excellent throughout the period. I am pleased with the development of our UCaaS strategy both organically and through the acquisition of Mission Labs, and with the release of an exciting range of new UCaaS products, including Phone Line Plus and Horizon Contact. I am delighted to welcome all of our new colleagues from Mission Labs into the Gamma family and I am pleased to see the continued growth of Circle Loop and Smart Agent (being the new products we gained as part of the acquisition).”