Redcentric, a publicly owned company headquartered in the UK, was founded in 1997. With approximately 470 employees, it reported $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 designed to support public and private sector organizations.
On June 19, 2026, IT managed services provider Redcentric announced a plan to return £90 million to shareholders through a proposed tender offer and share capital restructure. The company set the tender price at £1.60 per ordinary share, representing a premium of approximately 30.9% to the share price on the day prior to the announcement, with the proposal aiming to buy back stock and reduce the size of its shareholder base.
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