TIDMMSS 
 
RNS Number : 2576K 
Managed Support Services PLC 
15 April 2010 
 

 
FOR IMMEDIATE RELEASE 
        15 April 2010 
                          Managed Support Services plc 
                            ("MSS" and the "Company") 
 
      Acquisition of Data Sound Limited ("DS") & Pre-close Trading Update 
 
Acquisition of DS 
 
MSS is pleased to announce the acquisition of Data Sound Limited ("DS") for a 
total net consideration of GBP2.8 million, payable in cash at completion, 
subject to a potential post completion working capital adjustment. Data Sound is 
a specialist Health & Safety consultancy offering a broad range of legislative 
monitoring and Health & Safety services to a corporate customer base. 
Data Sound was acquired from private vendors.  Completion took place today. 
 
In the year to September 2009, Data Sound recorded turnover of GBP2.3m with a 
reported profit before tax and certain vendor related payments of approximately 
GBP400,000. 
 
Data Sound has been acquired on a cash free/debt free basis with net assets of 
approximately GBP100,000.  No deferred consideration is payable after 
completion. 
 
Following completion, Data Sound will be integrated within the MSS Group and it 
is expected that this will yield significant administration cost savings.  The 
principal vendor will not be continuing with the Group and all related costs 
will cease at completion. 
 
The majority of Data Sound's sales are delivered on a contracted basis with 
contracts ranging between 1 and 3 years.  Increasingly, customers recognise that 
best practice compliance with Health & Safety requires a continuous process and 
the majority of renewals are being arranged on a three year basis.  The 
operational management team of Data Sound will be continuing with the business. 
 
The Board of MSS believes that the transaction will be materially earnings 
enhancing. 
 
Pre-close Trading Update 
 
The results for the year ended 31 March 2010 will show a material loss, 
reflecting the closure costs of the loss making, legacy contracting units and 
the restructuring costs arising from the recent Building Services acquisitions. 
These acquisitions are in pursuit of the Group's strategy to create a leading 
integrated Facilities Management and Building Services business within the UK. 
 
The Board is pleased to confirm that the recent acquisitions have been rapidly 
integrated and current trading is meeting management expectations. 
 
Commenting on the acquisition, Chief Executive, Simon Beart said: 
 
"Data Sound has an impressive business model that delivers high levels of 
customer service.  We expect to acquire further operations in the areas of legal 
compliance for our Building Services clients". 
FOR FURTHER INFORMATION, PLEASE CONTACT: 
+--------------------------------+----------------------------------+ 
| Managed Support Services plc:  |                                  | 
+--------------------------------+----------------------------------+ 
| Simon Beart, Chief             | 01483 735703                     | 
| Executive                      |                                  | 
+--------------------------------+----------------------------------+ 
| Piers Wilson, Finance          |                                  | 
| Director                       |                                  | 
+--------------------------------+----------------------------------+ 
| Cenkos Securities plc:         |                                  | 
+--------------------------------+----------------------------------+ 
|          Camilla Hume          | 020 7397 8900                    | 
+--------------------------------+----------------------------------+ 
|          Stephen Keys          |                                  | 
+--------------------------------+----------------------------------+ 
| Buchanan Communications:       |                                  | 
+--------------------------------+----------------------------------+ 
|          Richard Darby         | 020 7466 5000                    | 
+--------------------------------+----------------------------------+ 
|          Nicola Cronk          |                                  | 
+--------------------------------+----------------------------------+ 
 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
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