Solihull-based Wavenet has bought
There are no financial details about the acquisition. Wavenet tells eWeek UK there are no job cuts as part of the deal. OGL has 269 employees listed on LinkedIn
Wavenet is a supplier of business telecommunication and technology solutions, and is backed by Macquarie Capital. The tech firm recently appeared in eWeek UK’s ‘Tech Companies in West Midlands to Watch’ here.
The company reckons the acquisition of OGL helps its portfolio of solutions and services, such as cloud and protection against cyber threats, the latter by means of a UK Security Operations Centre.
OGL is headquartered in Stourport-on-Severn in Worcestershire. The tech firm was founded in 1976 and says in its early days it was supplying Olivetti typewriters and basic accounting systems. It’s moved on from that to provide software and cybersecurity services.
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OGL has around 1,200 customers. Clients listed on its site include SMEs in sectors such as healthcare, construction, insurance and industrial supplies.
In terms of the acquisition, Philip Grannum, Chief Commercial Officer at Wavenet, states: “An increasing amount of organisations are outsourcing their IT requirements from infrastructure management to security and monitoring, simply because it is more cost and resource efficient than keeping it in-house. This acquisition is in line with our business growth strategy that also includes organic growth, partnerships, and product expansion.”
In a separate statement, OGL Software (which has offices in Kidderminster) says it will remain an independent business focusing on ERP.
Wavenet is doing well and likes to buy things. Last year, it was looking to strengthen its cloud and workspace offering with the acquisition of Excell Group into its solution and service portfolio. Other acquisitions include NTS Communications and Internal Systems Limited.
At the time of last year’s deal, Wavenet said it provided services to over 10,000 businesses, and had an annual turnover climbing to more than £100 million.
Formed in 2000, Wavenet also has offices in Chester, Norwich, Cardiff, Nottingham and St Albans.