Wavenet Chases Cloud and Workspaces with Excell Group Acquisition

Largest deal in Wavenet history will take its turnover to more than £100 million.

Wavenet is looking to strengthen its cloud and workspace offering with the acquisition of Excell Group into its solution and service portfolio.

Financial details were not disclosed. Wavenet, a Solihull-based supplier of business telecommunication and technology solutions, which is backed by Macquarie Capital, is a managed service provider to businesses for data, voice, cloud and IT.

Bill Dawson, CEO of Wavenet, comments: “This acquisition represents a huge step forward in our growth plans, giving us a stronger presence in the south of the UK and adding experience in growing service areas including flexible workplaces and cloud.”

It’s not clear if there are any job cuts as part of the deal. Excell provides services to more than 7,000 businesses, and has offices in Cambridge, London, the Midlands and South East, and employs 180 people.

Excell was founded in 1992 as a “family-run business” and now the group consists of 13 individual entities. Its products and services include cloud and data, network, voice, security, business centre, audio visual, and support solutions.

It provides services to various industries – such as finance, education, legal, media and medical. Case studies on its site include Papa John’s and Saffron Insurance. It offers Excell Virtual Office, a solution designed for remote working. Users can access the corporate network through MPLS and VPN.

The Excell acquisition is the third addition to the Wavenet Group since Macquarie Capital’s majority ownership was announced six months ago. With the acquisition of NTS Communications and Internal Systems Limited, Wavenet now provides services to over 10,000 businesses, and has an annual turnover climbing to more than £100 million.

Wavenet adds: “The acquisition of Excell brings the benefits of increased scale, true London presence and the unique business centre infrastructure arm to the already comprehensive portfolio of services and solutions that Wavenet can provide to its customers.”

Formed in 2000, Wavenet also has offices in Chester, Norwich, Cardiff, Nottingham, and St Albans, and employs 250 people.

Antony Peyton
Antony Peyton
Antony Peyton is the Editor of eWeek UK. He has 18 years' journalism and writing experience. His career has taken him to China, Japan and the UK - covering tech, fintech and business. Follow on Twitter @TonyFintech.
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