Daisy Beefs up Acquisition Strategy

Daisy Communications has this week announced a new appointment and management structure in a move that adds further weight to their aggressive acquisition strategy. Under the new structure Matthew Peters will take responsibility for all future acquisitions in his role as Business Development Director and David Balbi joins as Finance Director.

Matt Peters will take up a new role as Business Development Director with immediate effect. The move is designed to enable Matt to drive and implement daisy’s planned aggressive growth through acquisition. Matt joined daisy as Finance Director in October 2005 from Barclays, where he headed up the north region Technology and Telecoms Team. Matt has previously worked in corporate finance for Ernst & Young for over eight years.

David Balbi, who joined daisy on Monday the 25th of September as Finance Director, is a qualified accountant. His experience includes seven years at Kingston Communications in various roles, most recently as Financial Director of their Partner Services and Regions Division, Affinity.

Commenting on his new role, Matt said: “We have made clear our plans to grow the company through a series of acquisitions in 2006 and beyond. This new role enables me to concentrate on driving those acquisitions, ensuring their effective integration, and successfully achieving our business objectives.”

Commenting on his appointment, David said: “daisy has an excellent reputation in the industry for sustained growth, innovation and delivering against their promises. I am delighted to join the company and I am looking forward to working with our customers and the rest of the business to ensure continued success going forward.”

Matthew Riley, daisy CEO, said: “This is further evidence of our commitment to become the UK’s premier telecommunications Service Provider and to continue our growth strategy.”

Both David Balbi and Matt Peters will report directly into Matthew Riley.

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