Wavenet, a private equity-backed British communications firm, has acquired Microsoft Teams provider VIA for an undisclosed sum.
This is M&A Deal Number 24 that ChannelE2E has covered in 2020. See the complete M&A deal list here.
Microsoft Teams is a unified communication and collaboration platform that combines persistent workplace chat, video meetings, file storage, and application integration, the software giant says.
The M&A deal gives VIA’s customers access to Wavenet’s long-standing telecoms partnerships and its teams of trained engineers across the group portfolio, the company said.
VIA, founded in 2012, grew to become one of the UK’s largest Skype for Business providers, eventually transitioning to Microsoft Teams as that service grew in popularity.
Wavenet, founded in 2000, is backed by Beech Tree Private Equity. The company is a Cisco Cloud and Managed Services Certified Partner with 200 employees. The firm provides data, voice, security, and technology services to over 8,000 SME and enterprise customers.
Wavenet Acquires VIA: Executive Perspectives
Philip Grannum, CCO of Wavenet said:
“VIA is an exciting addition to the Wavenet Group that brings highly valuable expertise and a passion for innovation that we are always looking for. Its combination with the wider Wavenet Group will accelerate our growth in our flagship TeamsLink product. VIA has been extremely successful in building the platform and management portal for their Microsoft Teams services and we are looking forward to integrating their brilliant platform into ours to the benefit of all our customers & partners.”
Alex Tebbs, co-founder and sales director of VIA, said:
“The acquisition from Wavenet ... provides existing and new customers with an enormous opportunity to get even more out of Microsoft Teams by leveraging the additional products and services Wavenet are able to offer. VIA’s unique management portal and service will be made even better through the integration with Wavenet’s Networking, Security and Technology services in order to provide the leading Microsoft Teams solution available.”
