Wavenet’s portfolio of solutions and services now ranges from 24/7, 365 protection against cyber threats by means of a UK Security Operations Centre (SOC) to Cloud Services including enterprise cloud-based virtualised infrastructures.
CEO of Wavenet, Bill Dawson, said the acquisition is an extremely exciting time for Wavenet and enables the group to strengthen its offerings and service provided to customers.
“They have a talented team who share the same values, and their ambitions match ours of being a customer focused organisation, putting customer needs at the heart of everything we do,” he said. “I look forward to our continued growth and success as we integrate OGL IT & CyberGuard into the Wavenet Group.”
Paul Colwell, chief technology officer at OGL commented: “The acquisition of OGL’s managed IT services and cyber security divisions represents an exciting opportunity for us to extend our reach into new markets and deliver our extensive portfolio of leading solutions across Wavenet’s existing customer base. It also helps us forge future growth as we bring together our vast experience and skills.”
Wavenet’s legal advice was provided by the Squire Patton Boggs Leeds office (led by Partner David Milne). Orbis Partners acted as financial advisors to OGL Computer Support Holdings and legal advice was provided by DWF.
OGL Computer Support and CyberGuard’s sister division OGL Software has announced that it will remain an independent business, breaking away from the group to focus solely on its ERP (enterprise resource planning) business.
Debbie Barton, CEO of OGL Software said that the OGL Group has grown significantly over the past 45 years, and that due to its diversified products, services and markets, the group felt there was greater opportunity for growth if each division had its own space to expand.
“But it was important that we found the right way to do that for all three divisions so when Wavenet approached us about the IT Services and Cyber Security part of the business, it presented the perfect solution,” Barton said.
“The acquisition will enable us to continue to grow our highly successful OGL Software business. Having been actively involved in the running of this side of the business for over 35 years, I am thrilled to be able to head up the newly independent operation as we embark on the next chapter.”