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Wednesday, November 10, 2010

Daisy Group makes its biggest acquisition yet

Unified communications provider Daisy Group plc has agreed to acquire rival telecoms supplier SpiriTel in a deal that values SpiriTel at £27.3m. SpiriTel itself is no stranger to consolidation, having acquired 12 businesses in the last four years. It currently has a customer base of around 4,000 businesses.

Matthew Riley, Chief Executive Officer of Daisy Group plc, said "This is the largest acquisition the Company has made since coming to market last year. The Board believes that this acquisition gives Daisy Group a strong foothold in the mid-market, strengthening our sales team and engineering force, while significantly enhancing both our product portfolio and customer base. With our data hosting capabilities from the former Vialtus business, this deal gives us a great cross-sale opportunity to sell hosted solutions and fill our three data centres in London, Manchester and Fareham. In addition the business’ position as a Mitel Premier Partner, coupled with a nationwide engineering force will see enhancements to the Group’s systems and maintenance division. Over the last 18 months, Daisy Group has acquired and integrated 10 businesses. The Board believes the experience of those acquisitions should enable an efficient integration of SpiriTel into the Daisy Group platform."

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