Systems Union – the author’s of Sun Systems’ business for the mid-market – approved a deal last month made up of 7.8 million shares and £7m in cash.
But now staff at the Systems Union offices in Hampshire – some of whom recently relocated from London – have been told to consider the redundancy offer.
It is understood freecom.net is interested in continuing Systems Unions’ leading accountancy software range Sun Systems under its own brand, but it is unclear how many redundancies are expected to be made during the next month.
Company officials said it was inevitable that ‘rationalisation’ would take place following the take-over, but refused to comment further.
Meanwhile, the effects of freecom.net’s expansion are also being felt elsewhere in the sector. Pegasus Group former managing directors Chris Leak and David Hewitt have left the company – just weeks after its acquisition by freecom.net.
Leak was understood to be planning to quit Pegasus in October but the date was moved forward by mutual consent following the acquisition. He has now moved to Pegasus reseller Dragnet as a consultant.
Hewitt was expected to remain within Pegasus but was subsequently ‘prioritised’ to a position within freecom.net.
Paul White, former head of channel operations at Systems Union, has replaced the pair.
White said: ‘Over the next four weeks, I’ll be working with the Pegasus management team and our customers and partners, to develop an integrated business strategy that drives the Pegasus business forward.
‘Our objective is to see the company playing a key role in the development of freecom.net’s e-commerce-enabled offering for the UK business sector’, he added.
He also said he wanted to create a sense of what the company is trying to achieve. ‘I have sensed that the company did not have clear goals before the acquisition and that is something we will address,’ he added.
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