Midlands telecommunications company Solwise Telephony has been acquired by Scottish telecoms group Pinnacle in a half million pound deal which will strengthen Solwise and accelerate its business growth.
The Pinnacle Telecom Group plc, with offices in Stirlingshire, Paisley, Northampton and London, has acquired the entire share capital of Solwise Telephony Ltd of Hinckley along with its subsidiary Sipswitch Ltd.
The deal will give Solwise Telephony’s 600 customers access to additional leading-edge technology, new products and capability. It will also provide the opportunity to accelerate the company’s growth which has seen it burst through the million pound turnover level.
Over the last 10 years Solwise Telephony has built a reputation for supplying businesses with competitive telephone, broadband and web services backed by high levels of customer service. Over the last two years the company has also become a national supplier for short-term telephone services to festivals and events ranging from the Chelsea Flower Show to the Glastonbury Festival. Solwise has also supplied single telephones over a weekend for small events.
Solwise Telephony has spent six years developing the unique Sipswitch telephone system that uses high quality data lines instead of standard BT lines. Call quality can be guaranteed, and the system brings both cash savings and improved productivity to businesses. The Sipswitch system will now be available to all Pinnacle and Solwise customers.
All of Solwise Telephony’s employees are being retained, and will be working with Pinnacle on next generation telephony platforms and other business communications systems.
Pinnacle chief executive Alan Bonner said Solwise Telephony brings to Pinnacle an excellent team of people and a highly complementary business.
“We are looking forward to working with the Solwise Telephony team, all of whom are staying with the business post completion. Cross-selling multiple services to our customers is a key feature of our strategy which will be enhanced by this acquisition.”
Solwise Telephony managing director Martin Stephenson said the acquisition brings two key benefits to the business: it will expand the company’s range of products to include supporting traditional telephone systems and mobile phone products. In addition the group will find more customers and applications for the new Sipswitch telephone system.
“This is a great move for Solwise Telephony and we look forward to working with Pinnacle. The biggest beneficiaries of this deal will be the group’s customers, and we plan to offer them additional and enhanced services,” he said.
Solwise Telephony was established in 1999 as a supplier of discounted line rental and calls. It has since developed its business through technological innovation to become an internet service provider and can now offer state-of-the-art digital telephone systems and business data connections.
Solwise also supplies access to services such as telephone numbers from any part of the UK, voicemail, call conferencing and call recording.
Picture: Solwise Telephony managing director Martin Stephenson