Wavenet swoops for Talk Internet
Warrington-based cloud specialist and network provider Talk Internet has been acquired by communications business Wavenet.
Wavenet was the subject of an investment of more then £30m by Manchester-headquartered Beech Tree Private Equity as part of an MBO in August.
Latest figures for Birmingham-headquartered Wavenet show turnover of £13.75m and pre-tax profits of £1.4m for the year ended April 30, 2016. The company had 36 employees at that time.
Wavenet said the acquisition of £4m-turnover Talk Internet strengthens its presence across the UK and brings new features to its portfolio that will benefit both new and existing customers.
Chief executive Bill Dawson said: “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.”
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.
It has three directors listed at Companies House: Robert Paul French, 50, Robert Christopher Heggie, 46 and Simon David Jones, 36.
