RJD portfolio company Intrinsic Technology appoints Gordon Matthew as chairman

Intrinsic Technology Limited (“Intrinsic”), a provider of networking and virtualisation solutions, has appointed Gordon Matthew as non-executive chairman.

RJD backed the £30 million buyout of Intrinsic from its founder and majority shareholder in July 2011. The buyout was led by its Chief Executive, Mike Mason, an experienced IT and telecommunications executive, together with his operational team.

Intrinsic is based in Haydock, Merseyside and was founded in 1999. Since inception it has grown consistently to become one of the leading converged communication and IT solutions providers in the UK, with offices in the City of London, Thames Valley, Glasgow and Haydock.

Intrinsic designs, supplies and implements voice, data and virtualised environments and provides ongoing contracted maintenance and managed services for a range of customers in both the private and public sectors. These services can be provided on a business’ premises, hosted or through the Cloud.

The company has developed strategic alliances and tier 1 accreditations with a number of the industry’s major players, including Avaya, Cisco, HP and Microsoft, and has achieved its strong market position through its commitment to customer service, its flexibility and high responsiveness to market developments.

Gordon was previously CEO of Azzurri, a £140 million turnover networking and unified communications group. He has also been a successful Chief Executive of two other private equity backed businesses, Comtec and RedSky/Ramesys.

Gordon Matthew commented: “Intrinsic has developed an excellent reputation for high quality and responsive customer service and operates in an attractive market with significant growth potential.  I look forward to working with the Board and RJD to take advantage of the many opportunities facing the business.”

Frank Bulman, Partner at RJD, added: “RJD has built an excellent relationship with Gordon having worked successfully with him in the past. We are confident that his impressive track record in the IT services sector and leadership experience in large, private equity backed businesses will enable him to add significant value to Intrinsic."

The contents of this news release are intended for information purposes only. RJD Partners Limited does not provide investment advice and we strongly recommend that before making any decision to invest or engage in any investment activity, you should obtain proper professional advice. See our full terms & conditions.  RJD Partners Limited is authorised and regulated by the Financial Services Authority in the conduct of investment business in the UK. RJD Partners Limited is registered in England and Wales No. 04245768. Registered office: 8/9 Well Court, London EC4M 9DN.