Culture

In a new survey conducted by Cisco and Greenbang, over half of UK businesses are of the opinion that carbon monitoring will be the technology that mainly encourages them to reduce carbon emissions. Disappointingly though, 60% of companies said that the main motivation for reducing their carbon emissions was cost and a further 24% said legislation, referring to the upcoming Carbon Reduction Commitment legislation in April. If we want to go green, we’re going to have to step it up a notch!

The most recent survey from the IT Job Board has predicted that most of the IT jobs in 2010 will be telecoms, finance and software related. Relying on the views of 120 professionals from the IT industry, the IT sector will be pleased to hear these predictions as finance, software and telecoms were some of the hardest hit in the recession.

48% of the professionals surveyed believed that banking will be the top industry for coming IT jobs, while 41% picked telecoms and 42% chose the software industry. Either way, let’s just hope that the prediction of jobs is correct!

Elite Telecom has continued its rapid growth after completing the strategic acquisition of CAN Networks.

The deal has the potential to deliver £8.5m in additional revenues over the next five years for Elite Telecom, which provides business telecoms services to a range of clients including Air France/KLM, Intercontinental Hotels Group and a number of Premier League football clubs.

CAN Networks, based in Dorset, supplies voice and data network services to an extensive client base including councils, schools and police forces.

This latest acquisition reaffirms Elite Telecom’s position as one of the UK’s most rapidly expanding companies and follows its 5^th place ranking in 2009’s Lloyds Development Capital Hot 100 fastest growing firms list.

CAN Networks’ founders and senior management team will be joined by Elite’s Matt Newing, Nick Mannion and Adam Turton, who bring a wealth of knowledge and experience of both the telecoms industry and delivering successful business growth.

Matt Newing, chief executive of Elite Telecom, said: “We have big aspirations for where we want to see Elite both in the short and medium term and this purchase will help us to realise that growth.

“The telecoms market has seen extensive consolidation and we have successfully developed the business to a position where we are now the buyers in the market.

“CAN Networks has built up a successful customer base over the last 12 years on the back of an excellent offering and high class customer service and this fits well with our philosophy.

“This deal will give us a foothold in the public sector, a relatively untapped market for Elite Telecom.”

Paul Langford, managing director of CAN Networks, said: “Elite will give us the resources and expertise to grow in the future and be able to offer our customers an even wider range of telecoms and data services.”

Gareth McIntegart of lawyers DWF and Paul Billingham of Knight CF advised on the deal.