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Redcentric acquire InTechnology’s Managed Services business. November 20, 2013

Posted by Dominic Black in Uncategorized.
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Considering we saw little M&A activity in the Hosted VoIP market at the start of 2013, the last few months have seen significant changes in the makeup of the market. We have already seen Broadsoft acquire HIPCOM in August and 8X8 purchase Voicenet Solutions last week and now Redcentric has announced that they have bought InTechnology in a £65 million cash acquisition.

Redcentric, a spin off of Redstone, purchase signifies a move which Tony Weaver, CEO of Redstone, claims will create “the leading independent managed services business in the UK”.

This move has formed so far the third biggest B2B networking and data player in the UK market with only Daisy and Easynet who are significantly larger then Redcentric now are. With an increasingly fragmented market, moves such as these are giving companies a way to push through the barrier of being ‘midmarket’ and with further M&A activity the makeup of the market could be set for a significant change.

8×8 acquires Voicenet Solutions for $18.4m November 11, 2013

Posted by Matthew Townend in Uncategorized.
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Today 8×8 announced they had signed a definitive agreement to acquire Voicenet Solutions in the UK. Voicenet have been one of the most successful UK VoIP business with over a 100 UK businesses using their services and over 35,000 users.

This latest announcement follows the recent news from RingCentral one of the other major players in the US , that they are entering the UK market. Voicenet had been rumoured to be considering purchasing a new Softswitch so this acquisition will give their users access to 8×8 award winning platform and will broaden the services they can offer them. Kevin Scott-Cowell the CEO of Voicenet highlighted the opportunity to offer a broader set of services as well as addressing the increasing multinational requirements as key reasons for the acquisition.

For those readers who don’t know know 8×8 they are regarded as a leading light both amongst the investor and analyst community in the US. In there last financial results they had revenues of over $30 million and a Market Capital of over $700 million. a valuation lots of companies look to reflect.

illlume has had a long standing relationship iwth the team at Voicenet & wish Kevin and his team every success as this looks like a great deal for both sides.