Outsourcery is one of few independent pure-play Cloud Service Providers #"CSPs"# and is establishing market
leadership in the UK# The business was founded in 2007 by its co-CEOs, Piers Linney and Simon Newton#
Outsourcery is positioned to take advantage of the systemic market shift in the provisioning of ICT from an "on-premise" or "managed service" deployment model to a Cloud-based model# The adoption of the Cloud is driven by a wide range of factors including a reduction in the total cost of ownership, operational agility, productivity and scalability#

The Company today provides a wide range of Cloud-based services via its network of partners to both larger
enterprises and SMEs# These services are deployed on its proprietary O-Cloud platform, which is housed in a third-party enterprise grade datacentre

Outsourcery was admitted to London's Alternative Investment Market #AIM# on 24th May 2013#
The information disclosed in this section and elsewhere within the Investor Centre is in accordance with Rule 26 of AIM Rules for companies#

http://www#outsourcery#co#uk/Pages/Home#aspx

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LISTEN: Piers Linney, Co-Founder, Outsourcery Plc #OUT - Preliminary results

Click here to listen

"Dragons' Den's Piers Linney keeps feet on ground and head in the cloud"

Coverage in The Telegraph today is probably the reason for the jump in sp. Could be more to come this week, the potential seems to be pretty good.

Up another 30% so far today.

Another good day

IC -Investors tell Outsourcery,''IM Out''. Dragon's Den star Piers Linney is in the dungeon with investors after the collapse in the share price of his Aim-traded tech venture Outsourcery. So what happened? Sources close to Outsourcery adamantly deny the price move was based on recent trading activity or clumsy institutional investor selling, rather, they blame a wider sell-off in technology stocks. The aim tech index has retreated 20% since April, having more than doubled in the previous two years. But the two-thirds fall in Ousourcery's share price over the same period would suggest either something else may be going on, or the shares were wildly overvalued to start with.

I think I will go for the latter, overvalued to start with. Is it still overvalued? I'm really not sure. i don't hold any shares but OUT is on my watch list, the future could be very good but I will wait until the next set of figures before I make an offer!

Capital Markets Day Trading Update

RNS


RNS Number : 6922K

Outsourcery PLC

27 June 2014






27 June 2014



Outsourcery plc



("Outsourcery" or the "Group")



Capital Markets Day Trading Update





Outsourcery plc (AIM: OUT) ("Outsourcery", the "Company" or the "Group"), the leading Cloud Service Provider ("CSP") that helps organisations of any size to reduce costs, increase productivity and work better, is pleased to announce a trading update in advance of its capital markets day for analysts and investors, which is to be held on Monday, 30 June 2014.



This update provides a report on the Group's recent performance; measures being taken to advance this progress; and the Group's financing.





Capital Markets Day



Outsourcery is hosting a Capital Markets Day on Monday, 30 June 2014 for analysts and investors. The event will take place at Microsoft's London offices at Cardinal Place, 80-100 Victoria Street, London SW1E 5JL. During the event a series of presentations will be given by senior personnel from Outsourcery's partners and customers including Microsoft, HP, Vodafone, a mid-market reseller partner and London Business School. These presentations will cover the cloud opportunity and respective cloud strategies of these organisations and their decision to partner with Outsourcery in pursuing those strategies.



To register to attend this event, please contact FTI Consulting on the numbers below.





Trading Update



We have continued to experience steady progress in generating revenue from our partners in the Small and Medium sized Enterprise ("SME") space. As outlined in our Preliminary Results announcement of 19 March, however, it is the activation of revenue generation from our strategic Enterprise partner base and from our 'Secure O-Cloud' pipeline (formerly IL3) that will have the most material impact on revenue growth over the medium-term.



In recent months we have completed, as planned, a number of on-boarding and integration processes with large Enterprise. We are pleased to report that we now have increasing visibility on a growing pipeline of opportunities from both their large Enterprise and mid-market end-customers, some of which we expect to see close in the coming weeks. At the same time we are in discussions with new potential strategic partners with large customer bases, significant sales forces and material revenue opportunities.



However, in spite of the pipeline, and certain important contract wins that have taken place in the period, the large-scale pipeline build of our strategic partner channel has taken longer to ramp up due to delays finalising the necessary organisational, system and their sales force readiness. This will have an impact in the short term on the growth of our Monthly Recurring Revenue ("MRR") during the year and, consequently, an impact on our reported revenue result for this financial year.



In response to this slower than expected MRR growth, the Group has taken action to proactively align its cost base. As such, the Group believes it is still on track to deliver a normalised PBT performance for this financial year that is in-line with current market expectations. The Group has reviewed all aspects of its cost base and expect to produce additional annualised cost savings of c.£1.0m per year from next financial year.





Operational Progress



During the period, we have continued to work closely with Microsoft on the Secure O-Cloud (formerly IL3) platform build-out. We are pleased to report that the build-out is on schedule, within budget and due for completion next month with accreditation and launch is still expected before the year end. We are delighted by the number of inbound enquiries about the Secure O-Cloud we have received from new partners, some of whom we expect to become large strategic partners during H2 2014 with regard to this unique capability. We are also hiring specialist and experienced public sector sales personnel to promote adoption of the platform and senior management are engaging directly with government. This supports the decision to make this important investment which we continue to expect will contribute revenue during FY 15 and onwards.



We have also successfully continued to win business directly in certain areas for O-Cloud deployment. In line with our strategy to be the leading provider of Microsoft cloud services whether deployed on our platform or Microsoft's, we are pleased to announce a win of a 3,000 end-user Office365 deployment. This has led to Outsourcery achieving 'Cloud Deployment Partner' status with Microsoft for Office365 related solutions, which we typically aim to integrate with our own solutions.





Funding



The Board believes that the Group has sufficient cash resources for its immediate needs. The Board expects that the Group will achieve monthly cash flow breakeven during the course of H2 2015, at which point the Group should become strongly cash generative and see margins expand due to the high operational leverage inherent in the Group's business model at scale.



The Board is prudently reviewing a number of options that may improve the Group's cash resources over the medium term as the delay to the expected revenue growth will push out our monthly cash flow break-even point despite the additional identified cost savings.



The financing options include, but are not limited to:



· Revision, amendment and/or extension to existing debt facilities; and/or

· Investment by one or more of the Group's strategic partners; and/or

· Raising of additional equity finance



The Board will update the market on its progress in investigating these options during the course of July.

Got some this morning at 29.19p, as the retracement for the last couple days it seems was complete and today started to rise.

later on the day RNS
Ennismore Fund Management Limited

increased stake to 5.34%
from 1,358,759 to 1,847,395 - 5.34%

another good move up at the end of the day, it looks like it wants to move up from the recent lows and close to a double bottom

Bought in this week @ 29p ish.....GLA!

Lets get some good stuff on the thread rather than this kid like posts from panto.

Broker Takeover Talk (OUT) Ennismore Fund Management, BlackRock and Soros fund invest in Outsourcery
Posted by: News Team in Directors Talk Highlights, Technology, Media and Telecoms 12 July, 2014 Comments Off


BlackRock and a fund run by George Soros are among the investors in Outsourcery, the cloud-based IT and communications services provider .
Piers Linney, the co-chief executive and co founder of Outsourcery, said a listed status helped it win more global clients.
“Listing gives us credibility and makes us financially robust so that we can win more” tenders, he said.

The group works with partners such as HP and Atos, which sell its services, as well as directly with clients.
It provides a full telecommunications service with remote hosting of a company’s data, generally via Microsoft software such as Lync. It is one of the three finalists for Microsoft’s worldwide Server Platform Partner of the Year 2013 award.
“No one at Outsourcery has a desk phone. We use a Bluetooth headset linked to the PC. A call reaches whichever device I have with me, iPad, even an Xbox.”
Mr Linney and co-founder Simon Newton, and their families own 25.2 per cent each.
The pair, who worked in the City, bought Outsourcery, then called Genesis, in 2007 from DSG International.

It provided communications and data hosting services for small businesses but they sold much of that business to concentrate on cloud computing, investing more than £30m.
Mr Linney, who has joined the panel of the BBC show Dragon’s Den.
When listing The placing at 110p was arranged by Investec, the investment bank that has a 4.3 per cent stake in the company.
Outsourcery chief executive Piers Linney claimed there is “a clear and significant lead now emerging between us and our nearest competitors”.
“When we joined AIM in May last year we promised to expand our partner network; to deepen and activate relationships with existing partners; and to Piers Linney Outsourcery explore new avenues for growth outside of the purely private sector,” he added.
“Some of the biggest names in technology, systems integration and telecommunications are fully engaged and working with us to jointly target end customers and generate revenue.

“Thanks to last December’s successful equity placing and our collaboration with Microsoft and Dell, we are moving quickly ahead with our plans to target new routes to growth in the enormous opportunity presented within the UK public sector as government policy drives cloud adoption.
“All of this adds up to a significant first-mover advantage for us, validating our model and our opportunity for significant growth given our capabilities, the market reach of our partners and Microsoft’s absolute commitment to cloud.”
Northland Capital Partners View on the City:
TMT: A couple of the more speculative TMT IPOs from the 2013 vintage have suffered as growing revenue and profitability have proved harder than anticipated (e.g. MoPowered (LON:MPOW) and Outsourcery (LON:OUT). Many of these businesses have merit and the current depressed share prices represent potentially interesting entry points. Incoming investors will need patience, however, as management rebuild confidence in the proposition. Cash rich overseas companies remain potential acquirers of businesses with interesting intellectual property and evidence of commercial traction.
http://www.proactiveinvestors.co.uk/columns/northland-capital-partners-view-on-the-city/16546/northland-capital-partners-view-on-the-city-nostra-terra-oil-gas-mopowered-group-diamondcorp-anite-group-and-others-16546.html

Outsourcery announced that one of its major partners had secured their first order. And on 3 June, a smaller channel partner signed up their first customer, too: global engineering group Lloyd’s Register. The values of the contracts were not disclosed, but it’s a start.
Valuation: Pace of adoption drives valuation
Our base case discounted cash flow calculates a per share value of 525p (down
from 546p before our forecast changes). If revenues in five years’ time were 25%
lower than forecast, we estimate this would reduce the per share value to 288p, still
substantially above the current share price. The markets will need to see evidence
of strong growth in MRR for the share price to move towards these values and
newsflow that strategic partners are signing up initial customers could provide a
catalyst for performance. If management can deliver on its strategy, the potential for
valuation upside is significant
Source: Edison Investment Research, Outsourcery (historic)

Impact on valuation
Given the early stage in the company’s development, there is significant forecast uncertainty and
we present a number of valuation scenarios below.
Our forecasts assume that revenues increase to £12m in 2014, £23m in 2015 and £36m in 2016 (a
three year CAGR of 96%) driving an increase in the EBITDA margin to 35% over the same period.
Beyond this period, for DCF purposes, we assume the growth rate fades (CAGR 15% 2016-2022)
to 2% in perpetuity with EBITDA margins peaking at 52%. This returns a DCF value of 525p (down
from 546p before the forecast changes). If we assume the company delivers a slower revenue
growth than our base case (25% lower by 2016), then we calculate a share value of 288p, still
materially above the current share price

Threshold(s) that is/are crossed or
reached: vi, vii More than 6 %
8. Notified details:
A: Voting rights attached to shares viii, ix
Class/type of
shares
if possible using
the ISIN CODE Situation previous
to the triggering
transaction Resulting situation after the triggering transaction
Number
of
Shares Number
of
Voting
Rights Number
of shares Number of voting
rights % of voting rights x
Direct Direct xi Indirectxii Direct Indirect
GB00B9G9LV10 1,847,395 0 2,347,395 2,347,395 6.78%
5. Date of the transaction and date on
which the threshold is crossed or
reached: v 3 July 2013
6. Date on which issuer notified: 7 July 2013
7. Threshold(s) that is/are crossed or
reached: vi, vii More than 4 % and 5%
8. Notified details:
A: Voting rights attached to shares viii, ix
Class/type of
shares
if possible using
the ISIN CODE Situation previous
to the triggering
transaction Resulting situation after the triggering transaction
Number
of
Shares Number
of
Voting
Rights Number
of shares Number of voting
rights % of voting rights x
Direct Direct xi Indirectxii Direct Indirect
GB00B9G9LV10 1,358,759 0 1,847,395 1,847,395 5.34%
Shareholder name Number of shares Holding %
Piers Linney & family 4,890,147 14.14
Simon Newton & family 4,890,147 14.14
ETIVE Captial Limited 3,567,182 10.32
BlackRock Investment Management 3,075,110 8.89
SFM UK Management LLP 2,902,454 8.39
Hargreave Hale 2,859,787 8.27
Ennismore Fund Management 1,116,286 3.23

The Hated Crook ( everywhere ) was here last, posting some rubbish as usual and taking from the back end.

editing is a love thing that some can not master

---------------------------
Positive RNS today of a contract got the shares moving again reaching 35p as the sales would add £840,000 annually once fully deployed to the company turnover.

Some links after the news

Outsourcery is working with Microsoft and Dell to build a secure platform, with all data to be kept on UK soil

CITY Interview-The-dragon-floating-cloud-technical-innovation-Piers-Linney-Dens-new-boy-entrepreneurial-journey


Manchester evening news /business .............. Piers-linnes-outsourcery-firm-secures

Outsourcery's bosses sacrifice a year's pay

By John Harrington

August 14 2014, 12:13pm
Outsourcery's bosses sacrifice a year's pay

Cloud-based information technology specialist Outsourcery (LON:OUT) has raised £1.5mln through a placing as part of a £4.5mln financing package.

Shares rose 0.83p to 23.33p in the morning after the company announced it had placed 7.68mln shares at 20p each.

Other elements of the financing package include reduced annualised costs of around £1mln through restructuring; the voluntary sacrifice of a salary for a year by the group’s co-chief executive officers, Piers Linney and Simon Newton, resulting in a saving of £519,898; and agreement with the group’s debt providers to reschedule debt, thus generating free cash flow of £1.5mln.

While Linney and Newton have given up a year’s salary, there is some consolation in that they will be granted new options, exercisable at 1p each, over an aggregate 2.74mln shares under the existing long term investment plan

Just been reading about this one on advfn, ill post the piece. Not very bullish though. I have no opinion either way.

Piers Linney and Outsourcery refinances but dissembles – sell this POS now
BY TOM WINNIFRITH | THURSDAY 14 AUGUST 2014

Outsourcery (OUT), the POS AIM stock run by serial business failure Piers Linney of Dragon’s Den infamy has announced a refinancing package to stave off bankruptcy. Well at least to postpone it. But the level of dissembling defies belief. Truly Piers if you told me that 2+2 = 4 I’d ask for independent verification.

The headline reads:

Placing of 7,682,500 new Ordinary Shares at 20 pence per share – Part of an overall financing package creating £4.5 million of working capital.

Hmm so Outsourcery has raised £1.5 million pre expenses (let’s call that £1.4 million) plus another £4.5 million of funding. Er not quite.

The £4.5 million “financing package” comprises

£1.5 million of debt due to be repaid soon is repaid later
£1 million of costs cuts which had already been announced are to be implemented.
£500,000 will be saved by the joint CEOs not taking a salary this year

So in fact the only NEW money going in is the net £1.4 million from the placing.

Now before you say that Piers and his co CEO are being generous in not drawing a salary. There are swings and roundabouts. They are surrendering a stack of options with a 1p strike price which were essentially worthless since they were only exercisable on Outsourcery hitting certain targets which of course it has failed to do. Instead Piers and his fellow CEO will get 2,736,304 Ordinary Shares under the existing employee long term incentive plan ("LTIP") at an exercise price of 1p, with a 12 month vesting period with no conditions attached. This exercise in crony capitalism is described today by Outsourcey as being designed “to further align the interests” of management to shareholders. Bollocks,



So for sacrificing £519,000 of wages on which tax would be paid at almost 50% the two men get share options worth at 23p £600,000 on which they would pay far less tax.

Now to the still dire maths for Outsourcery. The company says “The Directors believe that the proposed Financing Package of £4.5 million will enable Outsourcery to achieve its aim of reaching monthly run rate break-even and operational positive cash flow during 2015.”

Now when was the last time the directors made such a pledge? Aha…the May 2013 IPO when Outsourcery said that if it raised £10 million that would be enough to get it to breakeven. It raised £17 million and has still almost run out cash as the losses continue to rack up. So a Piers pledge of this sort is worth jack shit.

The actual maths are that

Ok. Let’s deal with the cash. Cash & trade receivables minus trade payables and debt at the year-end (December 31st) was £2 million. In terms of current assets (cash & trade receivables minus trade payables and debt due within a year) the number was £5 million.

Our friends at Edison were forecasting (after the £1 million of costs savings which Outsourcery is re-announcing as news today) an operating cash outflow this year of £5.6 million. If Edison is correct then with the £1.4 million in today plus the CEO salary sacrifice (5 months – i.e. £215,000) the outflow falls to a mere £4 million. That means that at the year-end net cash minus trade receivables payables will be MINUS £2 million. Net current assets (that is ash plus trade receivables minus trade payables and short term debt) will be just £1 million.

Without yet another fund raising this company cannot hope to have its annual report classified as a going concern and that – combined with the truly dismal business track record of Piers Linney – means that another bailout within nine months is almost inevitable.

I have faith in Linney. His business track record is very consistent – see HERE. I doubt Outsourcery will buck that trend. Sell the shares at 23p. Target price 1p.

- See more at: http://www.shareprophets.advfn.com/views/7203/piers-linney-and-outsourcery-refinances-but-dissembles-sell-this-pos-now#sthash.JAMUCtSU.dpuf

I dont think Winnie likes Linney.

Fears for Piers!

Microsoft CSP Programme

RNS


RNS Number : 4955X

Outsourcery PLC

20 November 2014








20 November 2014



Outsourcery plc



("Outsourcery" or the "Company")





Participation in the Microsoft Cloud Solution Provider Program to resell and bill Office 365



- One of a limited number of UK partners with ability to bill, manage and support Office 365 -



Outsourcery the leading Cloud Services Provider ("CSP") that helps organisations of any size to reduce costs, increase productivity and work better, is pleased to announce its participation in the Microsoft Cloud Solution Provider Programme.



The Microsoft Cloud Solution Provider Programme allows Outsourcery to provide direct billing, sell combined offers and services, as well as provision, manage and support Microsoft Cloud offerings, such as Office 365.



The programme is designed to strengthen customer relationships and expand Cloud sales opportunities by enabling partners to provide direct billing, sell combined offers and services, as well as directly provision, manage and support Microsoft products and services. With immediate effect, Outsourcery will own the complete customer lifecycle, allowing it easily to sell Office 365 subscriptions and help customers take advantage of Cloud services by owning the entire billing process and directly managing support.



Commenting on the announcement, Outsourcery Co-Chief Executive Piers Linney said:

"Our inclusion in the Microsoft Cloud Solution Provider Program, which has only been made available to a limited number of Microsoft partners, allows us to sell, bill, manage and support Office 365 and own the complete customer lifecycle. We are able to further integrate Office 365 with our own offering down to billing whereas previously the billing and contractual relationship was managed by Microsoft. As we have already proven, we can add material value for end-customers by integrating Office 365 with our own cloud capabilities to create hybrid solutions for commercial and public sector organisations."



Phil Sorgen, Corporate Vice President, Worldwide Partner Group at Microsoft Corp, said:

"The Cloud Solution Provider Program puts our partners at the centre of the customer relationship. Through participation these partners have demonstrated dedication to helping our mutual customers successfully move to the cloud."