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Tolerant Group
20/07/2006
Redstone has acquired Tolerant Group, the Stoke-on-Trent-based network security solutions company with 36 staff, for £3.7m. The Tolerant Group consists of Tolerant Systems Ltd, Net-Adept Limited, Net Quest Solutions Limited and Trent Datacomms Limited. Tolerant is a network management, monitoring, analysis and security provider and has the exclusive rights to sell Computer Associates' anti-virus and anti-spyware products to larger businesses in the U.K. The deal consists of £1.6m in cash, £0.8 million of loan notes and the remainder in shares. The CEO of Redstone, Martin Balaam, commented "This is an excellent move for Redstone Managed Solutions, not only does it add necessary scale to this business but Tolerant also brings additional skills into the division. There are also significant cross selling opportunities as Redstone looks to sell the Network Security products across the whole Redstone customer base. We welcome onboard the Tolerant team and look forward to working with them." [Regulatory News Service, LSE].
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