Outsourcery PLC Result of AGM (7268I)

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RNS Number : 7268I

Outsourcery PLC

03 June 2014

3 June 2014

Outsourcery plc

("Outsourcery")

Results of AGM

Outsourcery (AIM: OUT), a world-leading Cloud Services Provider ("CSP") that helps organisations of any size to reduce costs, increase productivity and work better, announces that at its Annual General Meeting held earlier today, all resolutions put to the meeting were duly passed.

Enquiries:

 
 Outsourcery plc 
  Piers Linney, Co-CEO 
  Simon Newton, Co-CEO                      [phone] 
 Investec 
  Andrew Pinder / Patrick Robb / Dominic 
  Emery                                     [phone] 
 FTI Consulting, LLP 
  Matt Dixon / Jon Snowball / Elodie 
  Castagna                                  [phone] 
 

About Outsourcery

Outsourcery operates a disruptive business model that will over time displace traditional hosting solutions providers that remain focused on selling hardware, software, data centre space, networking and support to build discrete solutions for individual organisations of all sizes. The exponential growth in demand for computing power and data storage as well as shortening technology refresh cycles, the convergence of IT and communications technology and more complex applications are driving rapid adoption of cloud-based services and technology is increasingly consumed 'as-a-service' and paid for by way of flexible monthly subscriptions. Organisations are increasingly considering how best to implement and use cloud services and although large enterprises are rapidly embracing cloud services, smaller organisations are catching up their understanding of the cloud's potential and how to consume cloud-based services.

Outsourcery helps organisations of any size to consume cloud services and importantly helps its partners transition from a legacy technology delivery model to a service consumption model for subscription revenues. Outsourcery is helping organisations make sense of the cloud to save them money, increase productivity and reduce the need for capital expenditure. The traditional approaches of hosting ICT infrastructure in a third party data centre (co-location), or paying a third party to manage corporate ICT solutions (managed services) or even paying a third party to build a discrete virtualised platform for a single organisation (private cloud) are inefficient and lack scale. Large scale CSPs offering solutions to many end-customers from shared cloud platforms are the future of ICT solution delivery on a subscription basis as opposed to the traditional capital expenditure model.

Outsourcery wholly owns all of its infrastructure and networks and is also OFCOM regulated to enable it to provide end-to-end unified communications solutions that include carrier-grade voice. As well as a two to three year time advantage, Outsourcery has developed a substantial amount of intellectual property around the delivery of cloud services, hybrid cloud integration and go-to-market strategies as well as unique and growing network of partners of all sizes. Some of the largest telecommunications companies and systems integrators in the UK (and the world in some cases) are increasingly reliant on Outsourcery to deliver all or part of their cloud service offerings as they experience growing customer demand.

Outsourcery's services remove the need for organisations to own and manage expensive in-house, on premise servers and IT solutions, unified communications, video conferencing services and ICT infrastructure, including traditional voice-only telephony systems. The Company has particular expertise in the delivery of complex hybrid cloud solutions to enable seamless integration with legacy on-premise or managed service solutions. Channelled through an extensive network of trusted partners of all sizes, Outsourcery's end-customers range from ambitious start-ups to global solutions for FTSE-100 companies.

Outsourcery has one of the broadest Microsoft-based cloud service offerings available in the world today and is focused on the transition of Microsoft's enormous installed base of on-premise or managed service software licences to its platform, displacing and disrupting traditional ICT solution providers. The global addressable market is measured in billions and Outsourcery captures software licence, infrastructure and support revenues. Outsourcery covers hosted software applications (software-as-a-service), virtualised servers (infrastructure-as-a-service), next generation unified communications and collaboration solutions as well as connectivity and professional services that help to customise and integrate solutions for partners and customers alike.

Although almost any application can be hosted on Outsourcery's platform, Outsourcery is a world-leading provider of Microsoft cloud services. Outsourcery was named Microsoft's worldwide 'Hosting Solutions Partner of the Year 2010' and worldwide 'Dynamics Partner of the Year 2010'. Outsourcery's 'O-Cloud' platform was one of three finalists for the worldwide 'Server Platform of the Year 2013' award and the only one in EMEA. Outsourcery is a Microsoft Certified Gold Partner with a total of eight competencies, of which three are gold and five are silver.

Outsourcery was a founding member of the Cloud Industry Forum (CIF), which sets standards for quality and transparency within the fast-growing cloud industry, and is CIF accredited. The Group also adheres to other rigorous quality practices, holding ISO 27001 (Information Security), ISO 9001 (Quality) and ISO 14001 (Environmental) accreditations, ensuring the highest levels of service, environmental standards and information security. Outsourcery is able to deliver CESG IL2 accredited solutions and is currently working in partnership with Microsoft and Dell to develop a CESG IL3 platform, giving Outsourcery the ability to deploy government-accredited solutions, enabling the public sector to benefit from the cloud. Outsourcery employs 120 staff based in three UK offices, operates two UK data centres and was the UK's first certified carbon neutral CSP.

www.outsourcery.co.uk/investors

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