Peach Telecom has announced its successful acquisition of Vantage Communications Ltd.
The company, listed at number nine in The Sunday Times Tech Track 100 league table this year, says the move is further proof of its ambitious growth plans coming into fruition.
With its headquarters in Hampshire and regional office in Leyland, Lancashire, Peach Telecom has more than doubled its turnover in the last two years and plans to further assert its strength within the market by growing both organically and through acquisitions.
It has acquired Vantage Communications’ client base of over 200 customers and dealers, which is add a further £1.2million to Peach Telecom’s revenue.
Managing Director, Darren Scott-Healey, said: “Previously Vantage’s customers had a limited product range with only fixed lines and some broadband packages on offer. Now they are with Peach they can take advantage of our wealth of products, including mobiles, data solutions, telephone system installation and maintenance. In addition they now have a bigger support network behind them, in the form of our army of engineers and customer service advisors.”
Max Webb, Vantage Communications’ Managing Director, said: “The acquisition process went very smoothly and our customers were integrated well. They are very happy with the move and are already taking advantage of Peach Telecom’s other product and service lines.”
The deal with Vantage Communications marks Peach Telecom’s third acquisition, with the business having also acquired Harmony Solutions and Pro-Voice in recent years.
Darren Scott-Healey concluded: “2011 has been an incredibly successful year for Peach and we are capitalising on this with our ambitious growth plans for the next three years. We are lean, flexible and in a strong position within the market to make further acquisitions in coming months.”