Business communications tech company Onecom has completed its latest acquisition with a deal for Bristol-based telecoms firm Solution IP Communications.
Completed for an undisclosed sum, the takeover will see Solution IP’s staff in Westbury-on-Trym as well as its customer base of more than 400 join the Onecom Group.
The buy follows a series of purchases by Hampshire-based cloud Onecom, which employs more than 600 people across the UK.
Last year the firm - which is backed by private equity firm LDC - completed four transactions, including for Devon-based IP Office and its 700 customers.
Martin Flick, Onecom Group chief executive, said: “As we continue to grow, supported by LDC, we are delighted to welcome the Solution IP team and customers to Onecom in a move that further supports our mission to build on and extend our geographic presence and customer reach by acquiring strong businesses that share our culture, values and ethos.
"In addition, Solution IP has demonstrable strength in serving both enterprise and SME customers with leading communication solutions and their established customer base is a perfect fit.”
Patrick Lincoln, who founded Solution IP in 2006, added: “We are really excited about becoming part of the Onecom Group and the benefits it will provide to our customers and people. Having a shared vision of using our vast experience and expertise to deliver exceptional outcomes for our clients was very important to us.
"The success of Solution IP is a credit to the whole team’s positive attitude and hard work. I very much look forward to seeing the team continuing to excel as part of the larger group.”
Onecom was founded in 2002 and counts Vodafone, Mitel, Samsung, Apple, Gamma and Five9 among its partners.
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