IP Solutions, an independent, provider of hosted VoIP, mobile and call management solutions to UK businesses has announced the acquisition of ICT provider LiquidIT. Knight Corporate Finance advised IP Solutions on the deal, which was tied up in a matter of weeks.
Commenting on the deal, Paul Richards, Director at IP Solutions said: “We have seen the potential for growth from hosted solutions accelerate over the last three years and wanted to invest in our technical expertise. This deal brings us a substantial base of customers but more importantly the expertise we require to become the largest reseller of hosted voice in the UK.”
Guy Miller, Head of Services at Liquid, who is staying on with the enlarged business added: “We have worked with IP Solutions for a long time and I am truly excited about combining their sales organisation with our back office and support team. The market opportunity is huge and the combined company now has the resources it requires to deliver on this massive potential.”
Keith Purves, Director at IP Solutions said: “This acquisition has accelerated our business strategy and our future goal is clear: to become the largest reseller of hosted voice solutions in the UK. We aim to achieve 10,000 seats by the end of 2010 and double that next year.”