 | |
| Company type | Public limited company |
|---|---|
| Traded as | LSE: BYIT FTSE 250 component |
| Industry | Reseller of computer software |
| Founded | 1982; 42 years ago (1982) |
| Headquarters | Leatherhead, Surrey, England. |
| Key people |
|
| Revenue |  £184.4 million (2023) |
| Operating income | £50.9 million (2023) |
| Net income | £40.4 million (2023) |
| Website | www |
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. It was acquired by Allied Electronics Corporation (Altron), a company led by the entrepreneur, Bill Venter, in 1998. The company was demerged from Altron and was subject to an initial public offering on the London Stock Exchange in December 2020.
In February 2024, the CEO, Neil Murphy, resigned abruptly after the board became aware of some previously undisclosed trades in the company's shares.
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. It was the largest reseller of Microsoft's Azure cloud computing software product in the UK during the year ended 30 June 2019.
References
- ^ "Annual Report 2023". Bytes Technology Group. Retrieved 12 February 2024.
- "Bytes Technology off to a flyer in conditional trading after IPO". Proactive Investors. 11 December 2020. Retrieved 3 March 2021.
- "The new Altron has byte and lots of IT". Sunday Times. 5 December 2018. Retrieved 3 March 2021.
- "Altron founder Bill Venter retires". Business Report. 1 August 2018. Retrieved 3 March 2021.
- "Prospectus: Bytes Technology Group" (PDF). Bytes Technology Group. Retrieved 28 February 2021.
- "Altron jumps 5% on JSE after completion of Bytes demerger". Business Report. 18 December 2020. Retrieved 3 March 2021.
- "Shares in Bytes Technology tumble after sudden exit of chief executive". Shares Magazine. 21 February 2024. Retrieved 19 March 2024.
- "Software reseller Bytes Technology lines up pre-Christmas IPO". Shares Magazine. 9 November 2020. Retrieved 3 March 2021.
- "Top VARs Q&A: Neil Murphy, Bytes Technology Group". Channel Web. 3 January 2020. Retrieved 3 March 2021.