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Monday, February 8, 2010

Daisy Communications acquires Managed Communications Ltd

Voice and data company Daisy Group plc has acquired Managed Communications Limited in a deal worth £6.3 million. It's the latest in a series of acquisitions that included AT Communications, Eurotel and Redstone plc’s telecoms business last year.

Nottingham-based Managed Communications provides data networks to approximately 800 business customers.

Matthew Riley, Chief Executive Officer of Daisy, 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 margin improvement. Through 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 they want."

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Author: The Fonecast
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