Coms has announced the renaming of the group to RedstoneConnect plc. This reflects its focused strategy of providing technology and services for smart buildings and commercial spaces through its core businesses, Redstone and Connect IB. The change of name will take effect from 28 June 2016.
RedstoneConnect will focus on a number of strategic priorities that include building on the group’s established presence in the high-growth smart buildings and smart technologies arena. It will continue to leverage cross-selling opportunities throughout the Group’s substantial customer base, which includes organisations such as UBM, Aon and a number of banking and financial institutions. It will also develop and expand the group’s annuity revenue from both its software and managed services.
The group will continue to roll out its new building, occupancy management software solution, OneSpace and increase investment in R&D to underpin its next generation of product development.
Mark Braund, chief executive of RedstoneConnect commented: “We have successfully repositioned the business to focus on a defined strategy to use technology and innovation to make buildings and commercial spaces smarter. Our new name and identity reflects this strategic direction.
“At the core of our offering is the Redstone operation, a leading IT network and smart building systems integrator, with a blue chip customer base and a thirty year heritage. This has been enhanced through the acquisition in March of Connect IB, a smart buildings software and solutions business. The opportunities for deploying smart technology into buildings and commercial spaces continues to grow at pace and we are delighted to have already secured a number new contracts that utilise services from across the Group.”