The move follows six successful acquisitions in 2016, the latest being the acquisition of 3D Telecom’s customer base. The transaction is a continuation of Verastar’s rapid growth as it continues to build out its business across all service areas, and it is the sixth acquisition the company has made in 2016. The other transactions completed so far in 2016 are:
•OVO Energy (commercial customers), October 2016
•The Octopus Insurance, July 2016
•The Octopus Media, July 2016
•Crown Telecom Solutions, February 2016
•Business Comms Solution, March 2016
Verastar currently provides essential services, including insurance, electricity, gas, water, fixed and mobile telecommunications, broadband and fibre connectivity, to an estimated 9% of all the UK’s small businesses. In addition to their existing landline and broadband services, 3D’s customers will now be able to benefit from the full suite of additional services offered by kinex, Verastar’s flagship brand.
Chris Earle, CEO of Verastar, said: “The expanded team we are building for next year will be vital to our ongoing success. Verastar has been a clear leader in business telecommunication services, and we are delighted to welcome 3D Telecom’s customers, and we look forward to providing them with an enhanced range of great value services. We really understand how small businesses work, and how much they value being able to source multiple services from one provider. Customer service is at the heart of Verastar and we are looking forward to hiring and training Verastar’s team to meet the needs of the country’s small businesses.”
Piotr Nowosad, Strategy and Business Development Director of Verastar, said “We’re very pleased to announce our sixth acquisition of 2016. We continue to execute on our strategy of selective investment in companies and customer bases to further accelerate the development of our business, which will ultimately benefit our valued small business customers across the UK.”