Revolutionising the Tech Industry: Wavenet’s £50m Acquisition of AdEPT Sets the Bar High!
In a major deal that is set to shake up the UK’s telecommunications sector, Wavenet has announced that it has completed its £50m acquisition of AdEPT. The deal will see Wavenet acquire AdEPT’s extensive portfolio of telecommunication services, including cloud, voice, and data solutions.
The acquisition is set to position Wavenet as a leading player in the UK’s telecoms market, with an estimated revenue of £200 million, thanks to its newly expanded reach. The company will now be able to offer a wider range of services to its customers, including managed services, connectivity, voice, cyber security, and cloud-based solutions.
Commenting on the acquisition, Wavenet’s CEO, Bill Dawson, said: “We are delighted to have completed this acquisition and to have AdEPT’s talented team joining our business. This deal is a key milestone in our growth strategy and will enable us to offer even greater value to our customers.”
The acquisition comes at a time of rapid change in the telecoms sector, with increasing demand for cloud-based services and digital transformation. Wavenet’s new acquisition of AdEPT will allow the company to better meet the evolving needs of its customers, providing them with the tools and solutions they need to stay competitive in a rapidly changing business landscape.
“We are excited about the potential of this acquisition to drive growth and value for our customers,” said Dawson. “Together, we will be able to provide SMBs with the tools and technologies they need to succeed in today’s fast-paced business environment.”
AdEPT’s CEO, Ian Fishwick, added: “We are excited to be joining forces with Wavenet and to be part of the company’s growth journey. We believe that this acquisition will bring significant benefits to our customers, who will now have access to a broader range of services and expertise.”
With the rise of remote work and the need for flexible and scalable solutions, SMBs are increasingly turning to providers like Wavenet and AdEPT for support.
“We believe that the demand for unified communications and IT services will continue to grow in the coming years,” said Fishwick. “By combining our strengths and resources, we will be well-positioned to meet the evolving needs of SMBs and help them achieve their business goals.”
The acquisition is expected to have a positive impact on the UK’s telecoms market, providing customers with greater choice and competition. With Wavenet’s expanded capabilities and AdEPT’s established customer base, the company is strategically positioned to lead the way in the UK’s telecoms industry.