Ambitious investors buy Ancient House Jo Francis Thursday, June 3, 2021
Ancient House Printing Group has been acquired by an investment group that has ambitions to become the largest private company in the UK.
Ancient House: print firm s history dates back to 1845
The purchaser, RDCP Group, was founded in 2015 by Sameer Rizvi and Iryna Dubylovska who were both previously investment bankers at RBS.
Since then, the group has made 15 acquisitions that have been consolidated into four businesses spanning care homes, construction engineering, the Chilango Mexican restaurant chain, and real estate.
The Ancient House buy, for an undisclosed sum, takes its number of operations up to five, and increases RDCP’s enterprise value up to £140m.
Sainsbury s scores every print job using a series of KPIs
The business was presented with Job of the Year for its work on the Sainsbury’s Christmas rewards programme, and was also awarded with the retail group’s Outstanding Customer Service gong.
As a result, Paragon CC has become the first company to gain two awards.
Sainsbury’s senior print and publications manager Kelly O’Sullivan said every print job placed was scored using a series of KPIs, which determined the outcome of its supplier awards.
“We believe it’s important to recognise when things go well and not simply flag things when they go wrong,” she said.
Ignitho Technologies expands to Chennai
April 30, 2021
The company plans to open centre in Bengaluru next Ignitho Technologies, a US headquartered product engineering company, is expanding its India development footprint to Chennai as part of its ambitious growth plans.
Having established its India operations in Kochi, Ignitho is now ramping up its team in Chennai. The company sees expansion of its India operations critical to sustain its rapid growth and has also lined up plans for a Bengaluru centre next.
To provide much needed impetus and strategic focus to these plans, Ignitho has named ex-Cognizant executive, Brahma A M, as its India Delivery Head.
The war between WPP and its founder and former CEO Sir Martin Sorrell continues. WPP revealed in its annual report, released on Thursday (April 29), that it will not pay out two final long-term bonus payments to which Sorrell was entitled after exiting the company in 2018. The company said it withheld the payments because of “disclosure of confidential information” during his time as CEO. Sorrell immediately hit back, accusing WPP of “blind rage” and looking for “an excuse to deny me what’s mine”. The WPP long-term incentive plan, known as the EPSP, paid bonuses in the form of share awards after five years. Sorrell was due two final payments, covering 2016 and 2017.
US-based Ignitho expands to Chennai
Ignitho Technologies, a US-headquartered product engineering company, is expanding its India development footprint to Chennai as part of its ambitious growth plans.
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| A+A A- By Express News Service
CHENNAI: Ignitho Technologies, a US-headquartered product engineering company, is expanding its India development footprint to Chennai as part of its ambitious growth plans. Having established its India operations in Kochi, Ignitho is now ramping up its team in Chennai and sees expansion of its India operations as critical to sustain its rapid growth. It has also lined up plans for a Bengaluru centre next, a release said.