TEN jobs have been saved and key services have been preserved as Cirencester based business LDE SmartAlarms was sold out of administration.

SmartAlarms, a company who provides data network and CCTV services, had appointed administrators from business recovery specialists Begbies Traynor on February 16, who immediately sold the business to Voneus Network Managed Services Limited.

Joint administrator, Mark Malone was pleased to have quickly completed the deal.

He said: "It represents a good outcome which immediately secures ten jobs and ensures the businesses critical services can continue without interruption to any customers."

Voneus CFO Graham Wallace added: "This deal boosts our ability to deliver enterprise-grade services to businesses located across the UK, and forms part of our strategy to grow our network footprint and expand our service capabilities.

"The team at LDE has carved out a great reputation for delivering ultra-reliable services and, much like Voneus, understands the challenges associated with serving customers in rural locations, so we see great synergies between the two companies.