Outsourcery has seen its share price increase by more than 50% following an announcement that it has been named as a Microsoft Cloud Solution Provider.

The company, led by “Dragon” Piers Linney, has been named as one of a handful of firms in the UK which will be able to bill, manage and support Office 365.

“We are able to further integrate Office 365 with our own offering down to billing whereas previously the billing and contractual relationship was managed by Microsoft. As we have already proven, we can add material value for end-customers by integrating Office 365 with our own cloud capabilities to create hybrid solutions for commercial and public sector organisations,” said co-chief executive, Linney.

The deal will come into place with immediate effect and the announcement to the Stock Exchange saw Outsourcery’s share price surge. Welcome news to Linney and fellow chief executive, Simon Newton who have sacrificed their salaries for a year, as part of a financing package.