25 Sep 2002

MDS Technologies MBO from CDS Ltd

ICON have advised the management on the successful acquisition of MDS Technologies. The buyout team successfully completed the MBO of MDS Technologies which represents the Data Warehousing business of the former CDS Limited. MDS specialises in managed services for internet hosting and connectivity. The company is the market leader in the integration of applications into the mobile carrier networks, hosting what is expected to be the first Mobile Internet Exchange.

The management aim to significantly expand the business within its market sectors over the next three years and major customers already include Vodafone, Ericsson, Securicor, Guy's Hospital and e-government Pathfinder projects. The business is located on the Corsham Media Park, Bath, UK.