LEEDS, England, April 14 /PRNewswire/ --     Leeds-based vehicle tracking and mobile solutions company Masternaut
Three X has acquired ICM Business Solutions, a Microsoft Gold Partner and
leading UK provider of Microsoft business application software. Masternaut
Three X supported a management buyout of the business from Phoenix IT Group
plc. The new business, which will be run by the previous management team of
Rod Atherton and Andrew Wilkinson, will be 100% owned by Masternaut Three X
and known as Three X Business Solutions Limited.

ICM Business Solutions implement Microsoft business applications to the
transport and logistics sector and offer a wide range of complimentary
web-based software mainly focusing on Microsoft Dynamics CRM. The deal
follows the recent acquisition by Masternaut Three X of ISP Fibre City for
GBP6m and will further boost the appeal of Masternaut Three X in the UK.

Established in 1978, ICM Business Solutions employs a team with over 300
years of industry knowledge including extensive experience of Microsoft's
financial, logistics, e-commerce and CRM solutions sold under the Microsoft
Dynamics brand. Masternaut Three X expects its turnover to rise to GBP 22
million in the current financial year ending August 08 and that the new
business will add GBP 3 million in annual revenue together with extended
software capability.

"ICM Business Solutions is a perfect acquisition for us" says Martin
Port, Managing Director of Masternaut Three X. "It will allow us to quickly
establish a one stop shop for complete business technology solutions, boost
our software development and integration capability and open up significant
opportunities for sales to the Microsoft worldwide partner channel."

"As part of the ICM Group we already had a close working relationship
with Masternaut Three X on the business continuity side. Having gained an
insight into the ambitions of Masternaut Three X we realised that they would
be a perfect partner for the future. So we are really pleased to be able to
join a company so clearly in tune with the needs of the market and a great
team to work with," says Andrew Wilkinson, Business Solutions Director.

"With Masternaut Three X vehicle tracking and mobile applications
developed in Microsoft.net and a significant new deal just signed with
Microsoft Virtual Earth, the addition of ICM Business Solutions gives us a
real edge in providing totally integrated mobile and office solutions. It
also means we can offer a whole range of business services and hosted
applications across the 1500 stong Masternaut Three X customer base,"
concludes Martin Port.

http://www.masternaut.co.uk