Redstone plc, the Herts-based network provider of end to end managed services, has won a £4.98 million contract from a leading UK bank.
The project for this Fortune Global 500 organisation will see Redstone install a fully intelligent structured cabling system and an environmental monitoring solution within its state of the art data centre facility.
The project will support the bank’s requirement for development and test functionality.
Redstone reported that loss before tax for the six months to September 30 had been slashed by 71.8 per cent to £1.5 million.
Redstone has also sold the security business of Redstone Managed Solutions Limited to RMS Managed ICT Security Limited, a company owned by RMSL’s current management team, including Robert Cavan, the managing director, for £1 million.