"With many organisations now looking to reduce costs associated with business travel, we believe the audio conferencing industry is an area capable Nike Air Max Girls Blue
"Worldwide has demonstrated strong growth through its audio conferencing technology in recent years.
of delivering sustained growth and we are excited to introduce this product Nike Air Max 90 Junior Black
delivering more than 200,000 readers in Greater Manchester.
If you feel we have made an error in a report, or have fallen below our usual high standards, please write in the first instance to: Rob Irvine, editor, Manchester Evening News, Mitchell Henry House, Hollinwood Avenue, Chadderton, Oldham OL9 8EP.
"Its audio conferencing solution creates a new revenue stream for Daisy, whilst driving further cross selling opportunities into our existing customer base and providing Worldwide's customers with access to the group's full portfolio.
The acquisition was funded from an increase in existing borrowing facilities and the addition of Royal Bank of Scotland to the existing group of lenders.
Ernst Young acted as financial advisors. The team was led by Manchester partner Richard Harding and included Mark Taylor, Stuart Thwaites, James Walker, Dan Wild and Sarah McGrath.
Chief operating officer Gareth Kirkwood has stepped down from the board after three years to pursue other interests and Matthew Riley will assume his duties.
"We are delighted to support this acquisition, which extends Daisy's product capability, and positions them well for further growth in the conferencing segment."
Daisy Group to acquire Worldwide Group Holdings for
into our customer base."
Greater Manchester Business Week is the region's number one provider of business news andfeatures, targeting a bespoke business audience with 12,687 copies every Thursday.
Mr Harding said: "Worldwide Group has a history of strong revenue growth in an attractive sector of the market. The acquisition complements Daisy's existing portfolio and will provide wider opportunities for both the business and its customers."
Free morning newspaper, The Metro, published every weekday, is also part of our portfolio,
Duncan Mayall and Ian Sheppard led the RBS Manchester based team.
Founded by husband and wife Paul and Selena Bailey in 2001, the Peterborough based Worldwide Group supplies business customers with services including in audio conferencing, line rental and broadband.
Steve Lewis, regional director at RBS Corporate, said: "We have long admired Air Max 90 Hyperfuse Black And Red
It expects profit and earnings to be within the range of market forecasts, and for the year ahead, the board is pleased with the progress of all key divisions.
In a trading Air Max 90 Mens White update for the year to March 31, 2012, Daisy reports all its divisions performed in line with management expectations.
Business telecoms provider Daisy Group has agreed to acquire telecommunications company Worldwide Group Holdings Limited (Worldwide Group) for28m.
Addleshaw Goddard acted as legal advisers to Daisy.
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