Bank of
Experience

Below are the transactions Ian Smith and Tony Weaver completed prior to the formation of MXC and then from August 2014 and following our Admission to AIM in October 2014, MXC’s track record in its own right to date.

CURRENT INVESTMENTS

We are focussed on building two complementary investment themes. First, we are creating a small number of principle investments – probably around eight of them - that are quoted platforms for growth by acquisition. These businesses either are or hopefully will become significant businesses in their segments with upper quartile ratings and capitalisations approaching the mid-market.

ANALYTICS

Organisations are amassing vast quantities of data from their own as well as third party sources, which brings with it a requirement for them to store, manage, clean, analyse and extract value from this Big Data. This has created a big business opportunity.  Data analytics is rapidly becoming critical to business success and organisations - especially ones in data-intensive industries – are hungry for ways to interpret and create insights not immediately visible or simply impossible to find using traditional methods.  Analytics focuses on finding these hidden threads, trends or patterns which may be invisible to the naked eye, but yield actionable, business changing insights.

MANAGED SERVICES

Sometimes considered the Cinderella segment of the IT market, Managed Services (essentially, IT and telecoms infrastructure support services) continues to provide a rich opportunity for supplier restructuring and consolidation, particularly in the mid-market. This segment, part of the £14bn UK infrastructure services market,* (*Source: TechMarketView) offers the potential for multi-year contracted recurring revenue streams and ‘sticky’ customers who become reliant on their Managed Services supplier to support their increasingly complex IT environment, especially as they introduce cloud-based and mobile apps into the mix.

GOVERNMENT AND PUBLIC SECTOR

Never has the UK government been more open to including SME IT companies into the supplier mix, both directly and in partnership with large scale systems integrators. Initiatives such as ‘G-Cloud’ make it easier for small IT companies to compete for a slice of the £11bn public sector software and IT services pie* (*Source: TechMarketView) and introduce modern technologies with rapid implementation cycles throughout central, local government and other public sector institutions.

IOT

The so-called Internet of Things (IoT) opens up the traditional world of highly technical sensor-based systems to wider commerce and into the consumer marketplace. There are almost limitless opportunities for IT companies to provide products and services throughout the IoT ‘value chain’, from innovative tech hardware firms building smaller, cheaper and more functional sensors, through to enterprise-grade ‘big data’ software systems to process and interpret the sensor data, and mobile apps to provide an intuitive ‘user experience’.

ROBOTICS

Automation software has been available for many years to simplify the operation and management of IT systems and networks. Now a new generation of software robotics start-ups are applying sophisticated artificial intelligence techniques to create applications which are capable of minimising – even eliminating – human intervention from repetitive business processes, particularly labour-intensive paper-based clerical activities. This Next Generation Business Process Automation offers the potential for dramatic savings in labour costs and significant improvements in process quality and output accuracy.

SECURITY

Malicious intrusion has arguably become the most prolific and insidious threat to IT networks, computer systems and software-controlled machinery and equipment (which is almost everything nowadays!), especially as they become increasingly accessible over the internet. The cost – both financial and reputational – of falling victim to a cyberattack can seriously impact a business. A vast array of tools are required to prevent, detect and recover from intrusions, which need to be constantly enhanced and upgraded as the nature and sophistication of the threat shifts and changes.

FIN TECH

Financial services companies are under intense pressure to differentiate themselves from traditional competitors and new entrants, while materially reducing operating costs. This is a huge challenge for the many whose core IT systems were built years, if not decades, ago. With a UK financial services software and IT services market worth nearly £11bn and growing faster than GDP* (*Source: TechMarketView), there is no shortage of opportunity for suppliers of innovative technologies that can build upon entrenched legacy systems to enable financial services companies to reduce the time to launch new, profitable, market-relevant products and services.

ISPs

Internet Service Providers (ISPs) have moved well beyond the provision of basic connection to the internet to include a range of higher margin value-add services as part of their proposition. These services can extend from basic website and application hosting through to fully managed services providing computing power, data storage and network bandwidth ‘on tap’.

OPPORTUNIST

MXC’s model will always be flexible, allowing us to invest beyond our themes and sectors. Our main driver is to build value for our shareholders and we will pursue that value wherever we believe we have identified it.
Sector
Company
Activity
Date
Jul 2016
Eco City Vehicles plc
Acquisition
Tax Computer Systems
Jul 2016
Eco City Vehicles plc
Placing
For acquisitions
Jul 2016
May 2016
Pinnacle Technology Group plc
Acquisition
Adept4 Ltd
May 2016
Pinnacle Technology Group plc
Disposal
Pinnacle CDT
May 2016
Pinnacle Technology Group plc
Disposal
RMS Managed IT Security Ltd
May 2016
Feb 2016
Castle Street Investments plc
Acquisition
C4L Group Holdings Ltd
Feb 2016
Acquisition
Kypera Holdings Ltd
Feb 2016
Jan 2016
Redcentric plc
Acquisition
City Lifeline Ltd
Jan 2016
Pinnacle Technology Group plc
Acquisition
Weston Communications Ltd
Jan 2016
Pinnacle Technology Group plc
Acquisition
Ancar-B Technologies Ltd
Jan 2016
MXC Capital Ltd
Investment
Pinnacle Technology Group plc
Jan 2016
Castle Street Investments plc
Acquisition
Selection Services Ltd
Jan 2016
MXC Capital Ltd
Investment
Castle Street Investments plc
Jan 2016
Dec 2015
MXC Capital Ltd
Investment
Eco City Vehicles plc
Dec 2015
Nov 2015
365 Agile Group plc
Acquisition
Easytherm Ltd
Nov 2015
Oct 2015
MXC Capital Ltd
Investment
Sagacity Solutions Ltd
Oct 2015
Jun 2015
Acquisition
Impact Applications Ltd
Jun 2015
Acquisition
Brixx Solutions Ltd
Jun 2015
Redcentric plc
Acquisition
Calyx Managed Services Ltd
Jun 2015
MXC Capital Ltd
Disposal
Calyx Managed Services Ltd to Redcentric plc
Jun 2015
Apr 2015
MXC Capital Ltd
Disposal
Break fix IT services business of Calyx Managed Services Ltd to Daisy Group Ltd
Apr 2015
MXC Capital Ltd
Disposal
Converged services business of Calyx Managed Services Ltd to Chess Telecom
Apr 2015
Mar 2015
Pinnacle Technology Group plc
Placing
For working capital
Mar 2015
365 Agile Ltd
Acquisition
Ciseco (Wireless Things)
Mar 2015
Feb 2015
365 Agile Ltd
Acquisition
South View Solutions Ltd
Feb 2015
MXC Capital Ltd
Investment
Calyx Managed Services Ltd
Feb 2015
Jan 2015
Disposal
Montal consultancy division
Jan 2015
Acquisition
Opus IT Ltd
Jan 2015
Acquisition
Keylogic Ltd
Jan 2015
Dec 2014
Acquisition
Documotive Ltd
Dec 2014
Nov 2014
Placing
For acquisitions
Nov 2014
Oct 2014
Disposal
MIG subsiduary
Oct 2014
Sep 2014
Broca plc
Placing
Fundraising
Sep 2014
Aug 2014
Acquisition
Montal Holdings Ltd
Aug 2014
Jul 2014
2Ergo plc
Disposal
2Ergo Ltd to Eagle Eye Solutions Group plc
Jul 2014
Dec 2013
Redcentric plc
Acquisition
InTechnology Managed Services Ltd
Dec 2013
Nov 2013
Disposal
Comunica Holdings Ltd to Coms PLC
Nov 2013
Oct 2013
2Ergo plc
Placing
For working capital
Oct 2013
Jun 2013
Redcentric plc
IPO
Creation of pure-play IT managed services business
Jun 2013
May 2013
Redstone plc
Placing
For working capital
May 2013
Apr 2013
Accumuli plc
Disposal
Webscreen product unit sold to Juniper Networks Inc.
Apr 2013
Oct 2012
Redstone plc
Acquisition
Maxima Holdings plc
Oct 2012
Aug 2012
Redstone plc
Placing
For working capital
Aug 2012
Apr 2012
Accumuli plc
Acquisition
EdgeSeven Ltd
Apr 2012
Feb 2012
Maxima Holdings plc
Disposal
Three sub-divisions to re-structure
Feb 2012
Dec 2011
Maxima Holdings plc
Disposal
IBS Division
Dec 2011
Oct 2011
Maxima Holdings plc
Placing
Revised strategy
Oct 2011
Jul 2011
Maintel plc
Acquisition
Totility Ltd
Jul 2011
May 2011
Redstone plc
Placing
To fund Solent metro network build
May 2011
Mar 2011
Accumuli plc
Acquisition
Boxing Orange Ltd
Mar 2011
Dec 2010
Accumuli plc
Acquisition
Fujin Technology Ltd
Dec 2010
Nov 2010
Redstone plc
MBO
RMS IT Ltd
Nov 2010
Oct 2010
Accumuli plc
Acquisition
Tuscany Networks Ltd
Oct 2010
Sep 2010
Accumuli plc
Placing
For acquisitions
Sep 2010
Aug 2010
Redstone plc
Acquisition
Fujin Systems Ltd
Aug 2010
Jul 2010
Redstone plc
Disposal
Redstone Technology Ltd to PFH Technologies
Jul 2010
Jun 2010
Redstone plc
Disposal
Marcom Communications Ltd to Maintel PLC
Jun 2010
May 2010
Redstone plc
Disposal
Redstone i4e Ltd contract to Bovis Lend Lease Ltd
May 2010
Apr 2010
Redstone plc
Placing
For re-finance
Apr 2010
Mar 2010
Xchanging plc
Acquisition
Data Integration Ltd
Mar 2010
Feb 2010
Netservices plc
Disposal
WAN Services Ltd
Feb 2010
Jan 2010
Avisen plc
Acquisition
Xploite plc
Jan 2010
Dec 2009
Xploite plc
Disposal
Anix Group Ltd to ACS (Xerox) Inc.
Dec 2009
Jun 2009
Z Group plc
IPO
Reverse takeover by Avisen
Jun 2009
Dec 2008
Xploite plc
Aquisition
Blue River Systems Ltd
Dec 2008
Dec 2007
Xploite plc
Acquisition
Itheon Ltd (ptII)
Dec 2007
Oct 2007
Xploite plc
Acquisition
Red Squared PLC
Oct 2007
Sep 2007
Xploite plc
Acquisition
Itheon Ltd (ptI)
Sep 2007
Jul 2007
Xploite plc
Disposal
Fujin Technology Ltd
Jul 2007
Jun 2007
Xploite plc
Acquisition
Anix Group Ltd
Jun 2007
Apr 2007
Xploite plc
Acquisition
Posetiv Ltd
Apr 2007
Jun 2006
Matrix Comms. Group plc
Disposal
MXC Integration Ltd to Calyx Group plc
Jun 2006
Apr 2006
Matrix Comms. Group plc
Disposal
Equip Technology Ltd to Horizon Ltd
Apr 2006
Dec 2005
Matrix Comms. Group plc
Acquisition
Harrier Group
Dec 2005
Aug 2005
Matrix Comms. Group plc
Acquisition
Equip Technology Ltd
Aug 2005
Apr 2005
Matrix Comms. Group plc
Placing
For acquisitions
Apr 2005
Nov 2004
Matrix Comms. Group plc
Acquisition
Network Partners Ltd
Nov 2004
Sep 2004
Matrix Comms. Group plc
Acquisition
Norwood Adam Distribution
Sep 2004
Jun 2004
Matrix Comms. Group plc
Acquisition
Bedrock Networks Ltd
Jun 2004
May 2004
Matrix Comms. Group plc
Acquisition
Decorum Networks Ltd
May 2004
Apr 2004
Matrix Comms. Group plc
Disposal
Offshore Telecom Ltd
Apr 2004
Nov 2003
Matrix Comms. Group plc
Acquisition
Intrinsic Networks Ltd
Nov 2003
Jun 2003
Matrix Comms. Group plc
Acquisition
Norwood Adam Technical Services Ltd
Jun 2003
Apr 2003
Offshore Telecom plc
IPO
Reverse takeover by Matrix Network Solutions Ltd
Apr 2003