Bytes Technology Group

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.

Bytes Technology Group
TypePublic limited company
LSE: BYIT
FTSE 250 component
IndustryReseller of computer software
Founded1982 (1982)
HeadquartersLeatherhead, Surrey, England.
Key people
  • Patrick De Smedt (Chairman)
  • Neil Murphy (Chief Executive Officer)
RevenueIncrease £447.9 million (2022)[1]
Increase £42.2 million (2022)[1]
Increase £32.9 million (2022)[1]
Websitewww.bytes.co.uk

History

The business was established in a shop in Epsom in 1982.[2] It was acquired by Allied Electronics Corporation (Altron), a company led by the entrepreneur, Bill Venter,[3][4] in 1998.[5] The company was demerged from Altron and was subject to an initial public offering on the London Stock Exchange in December 2020.[6]

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.[7] It was the largest reseller of Microsoft's Azure cloud computing software product in the UK during the year ended 30 June 2019.[8]

References
  1. "Annual Report 2022" (PDF). Bytes Technology Group. Retrieved 16 February 2023.
  2. "Bytes Technology off to a flyer in conditional trading after IPO". Proactive Investors. 11 December 2020. Retrieved 3 March 2021.
  3. "The new Altron has byte and lots of IT". Sunday Times. 5 December 2018. Retrieved 3 March 2021.
  4. "Altron founder Bill Venter retires". Business Report. 1 August 2018. Retrieved 3 March 2021.
  5. "Prospectus: Bytes Technology Group" (PDF). Bytes Technology Group. Retrieved 28 February 2021.
  6. "Altron jumps 5% on JSE after completion of Bytes demerger". Business Report. 18 December 2020. Retrieved 3 March 2021.
  7. "Software reseller Bytes Technology lines up pre-Christmas IPO". Shares Magazine. 9 November 2020. Retrieved 3 March 2021.
  8. "Top VARs Q&A: Neil Murphy, Bytes Technology Group". Channel Web. 3 January 2020. Retrieved 3 March 2021.
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