MT seals deal with Synapse360

Wednesday, 17 April 2019 06:04

By Rob Pritchard @rpritchard9

Manx Telecom is set to buy IT infrastructure firm Synapse360 with the aim to enhance the options for Island-based customers.

MT also says the move is looking to boost the Isle of Man's reputation as a centre of excellence for IT, telecoms and cloud-based services.

The companys chief executive, Gary Lamb, says the decision means both organisations will be able to 'take advantage of areas of undoubted growth for the future.'

Synapse360 - which has offices in Douglas and Manchester - will maintain its brand and continue to operate under its current management team.

More from Isle of Man Business

Manx Telecom wants your views on its services

One of the Island's mobile and internet companies is asking for your feedback.
Company confirms direct flights to Tenerife from Ronaldsway

A company's revealed it'll be continuing direct flights to Tenerife from Ronaldsway Airport this year.
Douglas shop to shut for refurbishment

A shop in Governor's Hill will soon be getting a new look.
Bar George closes down

A city centre bar in Douglas has closed down after its owner said it never properly recovered after the pandemic.
AML and CFT return deadlines extended

The Island's financial regulator says it's extended the deadline for annual anti-money-laundering returns.
Do Manx firms help breach UK ownership laws?

A UK tax lobbying organisation has produced a map of UK companies it claims break ownership laws because they're owned by Manx entities.
Finance regulator publishes Q&A session answers

The Island's financial regulator says it's published a list of answers to questions after running out of time at a recent event.
Government can use overdraft if needed

Treasury Minister Alex Allinson says the government can dip into its overdraft without asking permission from Tynwald - but only under certain circumstances.