Wavenet, has announced the acquisition of Solar Communications Group Limited for an undisclosed consideration.
Wavenet, backed by Beech Tree Private Equity, is bolstering its cloud unified communications offering by adding the experience and scale of Solar Communications into its solution and service portfolio.
Both businesses have been extremely active and successful in their ‘buy and build’ strategy, each acquiring 4 businesses and integrating them over the past 2 years, whilst maintaining organic growth.
Wavenet has its own automated platform on which it offers multiple cloud-based communication services to direct customers and resellers. Its BroadCloud solutions, underpinned by a broad range of connectivity, security, cloud, voice and data solutions is supplied on its own managed network.
Together the group will now service nearly 10,000 UK business customers.
Bill Dawson CEO of Wavenet Ltd said: “Solar is an extremely capable and exciting business with a very talented team. Its combination with Wavenet will provide added depth to the innovative and business enhancing services provided to both sets of customers.
“Solar has been successful developing the platform, people and services required for growing the business both organically and by acquisition. This has accelerated its transition from being a leading telephone system reseller in the UK, into becoming a fully managed cloud service provider, able to provide superlative technology and a fully managed service.
“We very much look forward to welcoming John and the team to the Wavenet Group. Personally, I’m more excited about the marketplace now than I have ever been.”
John Whitty, CEO of Solar Communications said: “Following an intensive 30 months of growing our business into a successful and agile organisation, the time is right to take the next step and allow our customers to benefit from our significant joint capability and experience in the UC market. We are all very pleased that the Wavenet values and culture are extremely close to those already present within Solar which should make the integration of the businesses so much easier.”
“The introduction of Wavenet’s award winning network, Cisco and extensive networking expertise into our base, will improve our converged solutions and their automated platform will bring benefits to delivering our services to our customers. I am looking forward to being part of the Wavenet team and further helping the Group to develop and deliver the cloud UC components.”
Solar Chief Executive Officer John Whitty, will remain with the business and join the executive board with a key role leading the integration of the businesses.