Timico has acquired internet service provider NewNet to bolster its IP services proposition.
Hampshire-based NewNet offers fibre optic networks and LLU services. The business was started by executive chairman and chief executive Peter Coates-Buglear, while John Mobley came in 2002 as managing director.
Timico Group chairman Tim Radford (pictured) said: “The acquisition of NewNet allows us to fulfill our objective of further increasing the size and value of our business by enhancing our range of connectivity and hosting services to address the growing demand amongst business customers for fully-managed network and data centre solutions.
“With its extensive portfolio of award winning services and its focus on delivering excellent customer support, NewNet clearly shares our commitment to service excellence and will make an exciting addition to the Timico Group.”
Coates-Buglear said: “Our move into the Timico fold is a good one for both NewNet and our customers and I am delighted that we are set to become part of a like-minded ISP with very similar technical infrastructure, growth ambitions and strategic outlook, and we look forward to combining our respective strengths, particularly in the co-location and hosting environments.”