IDE Group Holdings plc announced the results of its strategic and operational review including the sale of 365 ITMS Limited for a cash consideration of £3 million. Following the Sale, the Group's remaining two businesses are IDE Group Manage Limited, which provides outsourced IT services, including 1st, 2nd and 3rd line IT support and network-based solutions, and IDE Group Connect Limited, which provides network services and data centre hosting services. In order to assist with the Group's restructure, Andy Parker has become Executive Chairman of IDE, effective immediately. The Directors will look to add an independent non-executive director to the Board in the coming months and it is expected that Andy Parker will revert to being Non-Executive Chairman once the Group has completed its restructure.