Redcentric, a publicly owned company headquartered in the UK, was founded in 1997 and employs approximately 470 individuals, reporting $172.7M in revenue as of 2024. The company specializes in IT services and IT consulting, functioning as a managed service provider that delivers highly available network, cloud, and collaboration solutions to public and private sector organizations.
On May 1, 2026, Redcentric launched a tender offer following the completion of its data centre business sale. Earlier on the same day, Redcentric announced it completed the sale of its data centre business to Stellanor Datacenters Group for an estimated £122.85 million, enabling a planned capital return of more than £90 million to shareholders and a reduction in debt. This move marked its exit from data centre operations. Previously, on April 24, 2026, the IT managed services provider revealed its intention to cancel its share premium account to create additional distributable reserves, a proposed capital reduction requiring shareholder approval at a general meeting scheduled for May 13, 2026.
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