Following their successful MBO in August of last year, Wavenet has today announced the acquisition of Talk Internet Limited, a Manchester based provider of network and cloud services. The acquisition strengthens Wavenet’s presence across the UK and brings new features to its portfolio that will benefit both new and existing customers.
Bill Dawson, CEO of Wavenet commented: “This is a fantastic opportunity for both customers and employees of Talk Internet and Wavenet. Our increased scale and resources will deliver a broader product set, a more robust and automated technical platform, stronger supplier relationships and a better customer experience which will help give all our customers a competitive edge. I am truly delighted and hope to make further announcements as we continue to exploit our financial resources to grow our business organically and seek further strategic acquisitions.
About Talk Internet: Established in 1995, Talk Internet’s expertise is in connectivity, Infrastructure as a Service (IaaS), software defined data centres, cloud services including SaaS and a comprehensive range of associated technologies. Talk Internet was owner managed prior to sale.
About Wavenet: A leading UK provider of business voice and data solutions, boasting a proprietary carrier grade network with a market leading products set to excellent customer service. Wavenet was recently subject of an investment of over £30million by Beech Tree Private Equity.
Legal: Higgs & Sons lead by Richard Griffiths
Dow Schofield Watts (Ed Brentnall and Nick Bolton) provided financial due diligence services
Advisors to the Sellers