Bytes Technology Group
{{Infobox company
| name = Bytes Technology Group
| logo = Bytes Technology Group Logo.png
| type = Public limited company
| traded_as = {{lse|BYIT}}
FTSE 250 component
| foundation = {{start date and age|df=yes|1982}}
| location = Leatherhead, Surrey, England.
| key_people = {{ubl
|Patrick De Smedt (Chairman)
|Sam Mudd (Chief Executive Officer)
}}
| industry = Reseller of computer software
| products =
| revenue = {{increase}} £207.0 million (2024){{cite web|url=https://www.bytesplc.com/media/o5kdkuip/btg_annual_report_and_accounts_fy24.pdf|title=Annual Report 2024|publisher=Bytes Technology Group|access-date=9 February 2025}}
| operating_income = {{increase}} £56.7 million (2024)
| net_income = {{increase}} £46.9 million (2024)
| num_employees =
| parent =
| subsid =
| homepage = {{URL|http://www.bytesplc.com/}}
| footnotes =
}}
Bytes Technology Group is a reseller of computer software in Leatherhead, Surrey, England. It is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index.
History
The business was established in a shop in Epsom in 1982.{{cite news|url= https://www.proactiveinvestors.co.uk/companies/news/936300/bytes-technology-off-to-a-flyer-in-conditional-trading-after-ipo-936300.html |title= Bytes Technology off to a flyer in conditional trading after IPO|publisher=Proactive Investors|date=11 December 2020|access-date=3 March 2021}} It was acquired by Allied Electronics Corporation (Altron), a company led by the entrepreneur, Bill Venter,{{cite web|url=https://select.timeslive.co.za/business/2018-12-05-the-new-altron-has-byte-and-lots-of-it/|title=The new Altron has byte and lots of IT|publisher=Sunday Times|date=5 December 2018|access-date=3 March 2021}}{{cite news|url=https://www.iol.co.za/business-report/companies/profile-altron-founder-bill-venter-retires-16350954|title=Altron founder Bill Venter retires|newspaper=Business Report|date=1 August 2018|access-date=3 March 2021}} in 1998.{{cite web|url=https://data.fca.org.uk/artefacts/NSM/Portal/NI-000015529.pdf|title=Prospectus: Bytes Technology Group|publisher=Bytes Technology Group|access-date=28 February 2021}} The company was demerged from Altron and was subject to an initial public offering on the London Stock Exchange in December 2020.{{cite news|url=https://www.iol.co.za/business-report/companies/altron-jumps-5-on-jse-after-completion-of-bytes-demerger-7cfbc04b-4d09-401c-9693-30796b82d2f2|title=Altron jumps 5% on JSE after completion of Bytes demerger|date=18 December 2020|newspaper=Business Report|access-date=3 March 2021}}
In February 2024, the CEO, Neil Murphy, resigned abruptly after the board became aware of some previously undisclosed trades in the company's shares.{{cite news|url=https://www.sharesmagazine.co.uk/news/market/1708529508989023000/shares-in-bytes-technology-tumble-after-sudden-exit-of-chief-executive|title=Shares in Bytes Technology tumble after sudden exit of chief executive|date=21 February 2024|newspaper=Shares Magazine|access-date=19 March 2024}}
Operations
The company is a reseller of computer software, principally of products made by Microsoft, but also of cloud storage, computer security and computer asset management software.{{cite web|url= https://www.sharesmagazine.co.uk/news/shares/software-reseller-bytes-technology-lines-up-pre-christmas-ipo |title= Software reseller Bytes Technology lines up pre-Christmas IPO|date=9 November 2020|publisher=Shares Magazine|access-date=3 March 2021}} It was the largest reseller of Microsoft's Azure cloud computing software product in the UK during the year ended 30 June 2019.{{cite web|url=https://www.channelweb.co.uk/news/4007835/vars-neil-murphy-bytes-technology-group |title=Top VARs Q&A: Neil Murphy, Bytes Technology Group|date=3 January 2020|publisher=Channel Web| access-date=3 March 2021}}
References
{{reflist}}
External links
- [http://www.bytes.co.uk/ Official site]
{{FTSE 250 Index constituents}}