Redsquid inks deal to buy Gold Partner 5com

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Vodafone Platinum Partner adds 3,800 mobile connections to send its base past 15,000

Redsquid Communications has taken its connection base past 15,000 with the acquisition of Vodafone Gold Partner 5com for an undisclosed fee.

It is the Platinum Partner’s first acquisition in its seven year history. It sees Redsquid, which is based in Borehamwood, Hertfordshire, add 3,800 mobile connections to its base.

Redsquid also adds 5com’s premises in Bromley, Kent, with the acquired firm’s nine staff boosting headcount to 45. 5com’s brand, office and staff will remain for the foreseeable future.

The deal also sees 5com managing director John Koumpan, who founded the B2B dealer in 2005, become Redsquid’s director of unified communications in a newly created role. Prior to setting up 5com,he spent a year as a business development manager at T-Mobile,selling to FTSE 250 customers in London.

Redsquid MD Sohin Raithatha said: “5com has a loyal customer base with low churn and high ARPU. They employ quality staff, which saves us the hassle of having to find talented people. It is perfect for us geographically with no upheaval, and as we are just a 45 minute drive apart, it makes it easy for both teams to work together effectively.”

Koumpan added: “Redsquid have a clear vision for the future and excellent in-house UC skills.”

 

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