ITM partners with Aliter following strategic review

Last year, the directors (Lynda Ayris, Mark Barber and Mike Jackson) undertook a strategic review and agreed on an objective to identify a strategic partner to help us create value for our customers, opportunities for our staff, drive growth and ensure the sustainability and future successes of the business. We identified we needed an investment partner with the track record, resources and expertise to help us achieve our objective.

The three of us are remaining as directors and investors in the business and now have the added support of a specialist investment company with significant experience and resources to help us accelerate the next stage of ITM’s development. In the short term there will be no changes to the way ITM operates and it will be very much business as usual. There will of course be positive changes over the next few years; changes focused on accelerating the growth and development of the company, including growth in capabilities and capacity.

A few points to note:

• Aliter Capital are now the majority shareholder of ITM, with ongoing investments from Lynda, Mike and Mark. 
• Lynda, Mike and Mark are continuing as directors in their current roles, they are joined on the board by two partners from Aliter Capital (experienced operators who will provide invaluable support to the current management team).
• Operationally, it’s business as usual and we will continue to work with you and deliver or consume services in the usual way.
• We will be in touch with the relevant contacts to advise of new banking details for accounts receivable and payable.
• Aliter agreed to acquire a majority stake in ITM because they identified the business as high performing, stable, having a strong customer base and as a platform from which we could significantly build and expand. 
• Aliter’s partners have a long track record in the IT Network space.

Securing an exciting future for ITM has been in the planning for quite a while and is a considered, strategic decision for us. We hope like us, you will be enthused by the opportunities that this decision will bring for our customers, suppliers and staff. 

Finally, we’d like to finish by thanking you for your support, past, present and future. Without our customers and suppliers we have nothing, and we will continue to focus on delivering stand-out customer service.

Kind regards.

The Directors.