Since its humble beginnings when Softcat commenced operations as a software reseller in 1993, the Company has evolved to provide corporate and public sector organisations with a broad range of products and services for its customers' workplace technology, datacentre infrastructure and networking and security requirements, significantly increasing the addressable market for Softcat. The Marlow-based Company has opened regional offices in Manchester, London, Bristol and Leeds (and intends to open a further office in Scotland) to support its growth and house its 850+ strong team.
The Company is also pleased to announce that it has appointed Vin Murria to its Board of Directors as an Independent Non-executive Director. Vin has significant public company experience in the IT Services space, including tenures at Computer Services Group plc and Advanced Computer Software plc.
Softcat’s first day of trading is expected to be 18 November 2015, and the Company has been asked to open the day’s trading on the London Stock Exchange.
Martin Hellawell, Chief Executive Officer of Softcat, said “The successful pricing of our initial public offering on the London Stock Exchange reflects the very positive response we have received from institutional investors as we have shared our equity story in recent weeks. I look forward to welcoming our new institutional shareholders as key stakeholders in our Company.
We are delighted with the outcome of the IPO process thus far and now look forward to fully focussing on the running and future development of our business. The Softcat employees have done a fantastic job to get us to this stage and I would like to thank them, as well as our customers and partners for the great support and encouragement they have given us. We look forward to driving the Company forward together.
We will remain focussed on the things that matter most to us, namely: being a great place to work for our employees; providing outstanding service to our customers; and creating shareholder return. At Softcat, at least, we firmly believe those factors are all intrinsically linked."