Bytes Technology Group

Bytes Technology Group is a reseller of computer software in Leatherhead, Surrey, England. It is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index.

Bytes Technology Group

Company type	Public limited company
Traded as	LSE: BYIT FTSE 250 component
Industry	Reseller of computer software
Founded	1982; 43 years ago (1982)
Headquarters	Leatherhead, Surrey, England.
Key people	Patrick De Smedt (Chairman) Sam Mudd (Chief Executive Officer)
Revenue	£207.0 million (2024)[1]
Operating income	£56.7 million (2024)[1]
Net income	£46.9 million (2024)[1]
Website	www.bytesplc.com

History

The business was established in a shop in Epsom in 1982.^[2] It was acquired by Allied Electronics Corporation (Altron), a company led by the entrepreneur, Bill Venter,^[3][4] in 1998.^[5] The company was demerged from Altron and was subject to an initial public offering on the London Stock Exchange in December 2020.^[6]

In February 2024, the CEO, Neil Murphy, resigned abruptly after the board became aware of some previously undisclosed trades in the company's shares.^[7]

Operations

The company is a reseller of computer software, principally of products made by Microsoft, but also of cloud storage, computer security and computer asset management software.^[8] It was the largest reseller of Microsoft's Azure cloud computing software product in the UK during the year ended 30 June 2019.^[9]