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Ian Smith, entrepreneur and apparent saviour of the UK managed services mid-market (OK, I exaggerate just a tad), has increased his stake in IT security services buy-and-build vehicle, Accumuli to 14% by exercising his remaining put and call option. Smith acquired some 7.4m Accumuli shares at 6.5p via his consultancy MXC Capital. Not a bad deal given that Accumuli shares closed last night at 11.3p.
The Accumuli story makes interesting reading (see Accumili 'Edges' towards its SIEM goals) and work back, as does the Maxima story where Smith is also working his miracles at the troubled mid-market VAR-cum-managed services play (again, start with Maxima puffs up managed services and work back). However, Maxima has somewhat more water that needs changing into wine.
