Solar snapped up by Wavenet

banner_220x220Solar Communications has been acquired by Wavenet as part of its much announced M&A spree.

The outfit raised £75 million in funding and said that it was out to expand through aquisitions.

Wavenet CEO Bill Dawson said: “Solar is an extremely capable and exciting business with a very talented team. Its combination with Wavenet will provide added depth to the innovative and business-enhancing services provided to both sets of customers.

“Solar has been successful developing the platform, people and services required for growing the business both organically and by acquisition. This has accelerated its transition from being a leading telephone system reseller in the UK to becoming a fully managed cloud service provider, able to provide superlative technology and a fully managed service.

Solar’s CEO John Whitty, who will remain with the firm said: “Whitty said: “Following an intensive 30 months of growing our business into a successful and agile organisation, the time is right to take the next step and allow our customers to benefit from our significant joint capability and experience in the UC market.

“I am looking forward to being part of the Wavenet team and further helping the group to develop and deliver the cloud UC components.”