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[May 21, 2014]
Merger aims to spark growth surge ; Telecoms [Bristol Evening Post (England)]
(Bristol Evening Post (England) Via Acquire Media NewsEdge) TWO telecoms companies have joined forces to form a business which expects to turn over more than Pounds 2 million per year.
Business telecoms network specialist Solution IP has completed the acquisition of the client portfolio and infrastructure of Versacom.
Based in Westbury Hill in Westbury-on-Trym, the newly-merged Solution IP is expecting significant growth and is forecasting turnover of Pounds 2 million by the end of the financial year, which ends in January.
The acquisition is a result of a long-standing relationship between Solution IP founder Patrick Lincoln and Versacom managing director Ryan Jones, who takes over as sales and operations director at the firm.
Solution IP was founded in Clifton in 2007, providing fixed line services for phone lines and broadband.
In 2011 it merged with Converged Voice Solutions, whose founder Darren Ross remains with Solution IP as technical director, providing expertise on the design and implementation of systems and solutions.
With offices in Bristol and Reading, the company now serves around 500 customers in the South West, the M4 corridor, Europe and across the Atlantic in the US and South America. Clients range from smaller businesses with 20 to 50 users, up to large companies with 500 users who require telecoms infrastructure networks designed and implemented across their business.
Patrick, 30, said: "I have known Ryan since I started this business seven years ago and we have frequently worked closely with Versacom.
"This acquisition is really about offering the best service to our customers, bringing all the available expertise under one roof, giving us the chance to grow and enabling our customers to benefit from the combined resources and contacts.
"Solution IP now offers the complete range of unified telecoms network services and we are able to provide a truly bespoke solution for companies looking to maximise the effectiveness of their voice and data systems." Ryan, who is 42 and founded Versacom in 2010 after a 15-year career with major telecoms providers, said: "Over the years, Versacom grew from a zero start point to become an established provider of services to local, national and multi-site businesses, providing data and telephone networks, systems and hardware.
"We recognised that to continue our success we needed to expand our resources. We have known Solution IP for several years, sharing a similar ethos and quality of service provision, so it made perfect sense to bring the two businesses together.
"Solution IP is looking forward to working with forward thinking businesses which recognise the value in having a technology partner who can help them achieve their business objectives." EPB-E01-S3 (c) 2014 ProQuest Information and Learning Company; All Rights Reserved.
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