AQL has bought the IT and telecoms business founded by former Apprentice star Stuart Baggs, who died suddenly in July.
Isle of Man-based BlueWave Communications was set up in 2007, and Mr Baggs reached the semi-final of the BBC show in 2010 becoming well-known for his catchphrases.
BlueWave has a customer base of several thousand subscribers and operates a fixed and wireless broadband service, and has recently rolled out 4G broadband services.
Mr Baggs and his company had worked closely with AQL as a customer and partner and had collaborated on several projects with aql’s development teams.
Dr Adam Beaumont, chief executive of AQL, said: “I’ve known Stuart for nearly a decade and I’ve seen his hard work and commitment build up a business with a great deal of respect and goodwill within the local community.
“These values are strong within aql and I felt that we wanted to make sure that the staff and customers of BlueWave would continue, along with the BlueWave brand.”
The business has been acquired as a going concern and will continue to be managed locally.
Dr Beaumont added: “For now, it’s about stabilisation – making sure we understand the systems, customers and building in resilience. Once we have developed a robust platform, we’ll continue BlueWave’s rollout across the Island, along with expansion into other service areas. The guys in Douglas now have a much bigger team behind them.”