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Outsourcery surges after announcing Microsoft deal

Last updated: 12:22 20 Nov 2014 GMT, First published: 13:22 20 Nov 2014 GMT

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Shares in Outsourcery (LON:OUT) shot up after it was named as one of a limited number of Microsoft partners authorised to resell Office 365.

Office 365 is Microsoft’s Cloud-based version of its Office suite, offered on a subscription based model.

Outsourcery is participating in the Microsoft Cloud Solution Provider Programme, which allows Outsourcery to provide direct billing, sell combined offers and services, as well as provide, manage and support Microsoft Cloud offerings, such as Office 365.

Commenting on the announcement, Outsourcery co-chief executive Piers Linney said: “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."

Shares in Outsourcery were up more than a third at 14p in lunchtime trading, but are still down almost 90% year-to-date.


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