Daisy Group has bought data
network provider Managed Communications for an initial cash consideration of
The move is the company’s fourth
acquisition in six months, following a £39m acquisition spree that concluded
when it bought Redstone for £17m in August last year.
Communications provides data networks through bonded ADSL and SDSL lines to its
base of approximately 800 SME customers.
sells internet access, VPN, managed security, email and managed bandwidth
Daisy was formed when
telecoms companies Daisy and Vialtus were reversed into AIM-listed Freedom
Group in a £123m deal. Its acquisition of Redstone was its third in as many
weeks, after buying telecoms and IT supplier Eurotel, and communications and
technology company AT Communications.
Daisy has now firmly set
its sights on dominating the SME market as a service provider/distributor, with
what it considers to be unparalleled mobile, fixed and IT capabilities.
Matthew Riley said: ‘Strategically this is the right acquisition for us as we
move forward into a data rich and more converged world. The combination of
Managed Communications and their product offering, with Daisy's sales force and
SME customer base, creates cross-selling potential and the opportunity for
this acquisition, we have strengthened our data offering, increased our range
of services and will be able to provide our SME customers with more of what