Modern Networks acquires Bridge Fibre & Response IT

Modern Networks Ltd, an IT and telecoms provider to the UK’s commercial property market, has acquired fibre internet and telecoms services provider Bridge Fibre and MSP Response IT.

The combined business has a turnover in excess of £20m and will boost Modern Networks’ team to more than 150 employees operating from Hitchin, Manchester, Cambridge and Guildford.

Modern Networks founder and CEO Matt Reeve said that the acquisition of Bridge Fibre, based in Cambridgeshire, and Response IT, based in London and Surrey, will bring ‘additional breadth and capability’ across Modern Networks’ key service lines.

“By purchasing Bridge Fibre, we are able to continue our regional growth, expand our service portfolio and strengthen our ISP position,” he commented in a statement. “Bridge Fibre works closely with landlords of multi-tenanted commercial properties, particularly science and business parks, helping them to develop successful communities.”

Reeve added that Response IT will enable Modern Networks to expand its technical expertise and capacity in the South East & London, enhancing ‘all aspects of customer service’ with its complementary range of IT services, and shared common values including ‘a common belief in the importance of customer service and building a supportive workplace culture’.

Modern Networks is backed by private equity firm Horizon Capital, who acquired a majority stake in April this year.

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Melissa Bradshaw

Melissa joined the Comms Business editorial team in January 2021. Following her role as editorial assistant within the Mark Allen Group division MA Music, Leisure & Travel since 2019, Melissa moved over to MA Business in October 2020 and now works as a reporter for two of Mark Allen’s business titles, Comms Business and The Engineer. She is working alongside our editor Charlotte Hathway, writing features and news for the magazine. To get in touch about potential features, contact her at melissa.bradshaw@markallengroup.com.

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