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

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."

good rns

SMALL CAP MOVERS: Better news for Dragon's Den star Piers Linney as his IT firm Outsourcery recovers with Microsoft deal




http://www.dailymail.co.uk/money/investing/article-2844137/SMALL-CAP-MOVERS-Better-news-Piers-Linney-Outsourcery-recovers-Microsoft-deal.html

Top performer today.

Significant FTSE 100 Customer Win

RNS


RNS Number : 9145Y

Outsourcery PLC

05 December 2014










5 December 2014



Outsourcery plc



("Outsourcery" or the "Company")





Significant FTSE 100 Customer Win



- Initial three-year contract, generating £1.1 million of revenue, secured via key partner -

- Third FTSE 100 company now relying on Outsourcery services -

- First customer requiring new 'Official' accreditation -



Outsourcery (AIM: OUT), the leading Cloud Services Provider ("CSP") that helps organisations of any size to reduce costs, increase productivity and work better, is pleased to announce that a key channel partner has secured a significant contract win with a new FTSE100 end-customer. This represents the first end-customer to require Outsourcery's recently awarded Pan Government Accreditation (PGA) 'Official' (formerly IL2) accreditation for its O-Cloud platform.



Contract win

The contract win is expected to deliver £1.1 million of revenue over the initial three-year period. The contract is expected to generate £30,869 average monthly recurring revenue ("MRR") over the three years.



The solution roll-out will include Microsoft Lync instant messaging and presence, with a plan to migrate users from traditional telephony to enterprise voice services over time. The Lync solution is being deployed as the primary unified communications toolset for the end-customer, further demonstrating the increasing demand for cloud-based Microsoft Lync solutions among large enterprises. The end-customer required the solution to be 'Official' accredited: a capability that only Outsourcery can provide in the UK for such a cloud-based service. Outsourcery is in the process of completing the deployment of its new Secure O-Cloud (formerly IL3) platform for central government, which will significantly extend its public sector capability and revenue opportunity.



This new end-customer represents Outsourcery's third FTSE 100 customer. Upon completion it will mean that 48,500 individual end-users within three FTSE 100 companies will be reliant on Outsourcery's services. Additionally, the number of users from these end-customers is expected to grow during 2015. The vast majority of the end-users, secured via both direct and partner channels, will be using Outsourcery's full enterprise voice solution.





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

"I am proud that we can now count three of Britain's largest public companies as end-customers and look forward to working with our partners to add to that number as we prove our capabilities and extend our market leadership position. We are experiencing a growing pipeline, helped by our channel partners actively selling our portfolio of cloud services to meet demand from their customers. The large FTSE 100 end-customer announced today and secured through a key partner serves as evidence of that trend.



Outsourcery's differentiation in the marketplace is highlighted by this end-customer's requirement for the service to be accredited to 'Official' (formerly IL2). We will significantly extend our public sector offering of both infrastructure and applications with the coming launch of our Microsoft-validated Secure O-Cloud (formerly IL3) platform for central government."

5 Dec Investec 71.00 Buy

Outsourcery shares advance on new NHS contract win

By Jamie Ashcroft

February 26 2015, 10:26am
Outsourcery will provide a cloud computing platform to Berkshire Healthcare NHS Foundation Trust, which employs 4,000 staff across 100 sites.
Outsourcery will provide a cloud computing platform to Berkshire Healthcare NHS Foundation Trust, which employs 4,000 staff across 100 sites.


Shares in AIM quoted IT group Outsourcery (LON:OUT) advanced 8% with news of a new NHS contract.

Outsourcery will provide a cloud computing platform to Berkshire Healthcare NHS Foundation Trust, which employs 4,000 staff across 100 sites.

The company highlights that the contract win coincides with new legislation which is simplify the government’s procurement process, and it comes as the government launched a new ‘Contracts Finder’ portal.

The new online portal was ‘unveiled’ by a number of dignitaries including Outsourcery’s co chief executive Piers Linney.

In a stock market statement, Linney said: “With the launch of the revamped Contracts Finder portal, public sector opportunities will become less complicated and costly to bid for, making deals such as ours with Berkshire Healthcare NHS Foundation Trust more common.

“The new Contracts Finder portal is a huge opportunity for SMEs to gain visibility across a wealth of public sector opportunities."

On AIM, Outsourcery shares gained 2p, 8%, to trade at 27p each.