Wavenet has announced the acquisition of Solar Communications Group Limited for an undisclosed consideration.
Wavenet, a leading UK supplier of business telecommunication solutions, 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. This acquisition will significantly strengthen the Wavenet Group’s market share in the UC marketplace and cement its place as one of the leading managed service providers to businesses in the UK for fully converged data, voice, cloud, security and mobile.
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.
The combination of the businesses brings the benefits of scale, broader geographic reach, a stronger management team and significant enhancements to the portfolio of services and solutions the group can now offer its customers.
Wavenet has its own automated platform on which it offers multiple cloud-based communication services to direct customers and resellers. It has a leading position in Cisco’s BroadCloud solutions, underpinned by a broad range of connectivity, security, cloud, voice and data solutions which it supplies on its own managed network.
Solar brings significant on-premises engineering skills to the group, and has market-leading accreditations in SD WAN, and UC services which it supplies directly to SME and mid-market businesses across the UK. 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:
