Wavenet provides unified communication solutions to SMEs across the UK and was an early adopter of the technology. At the date of the investment, Wavenet had over 2,000 customers connecting in excess of 12,000 end points therefore making them one of the largest UC service providers to SMEs in the UK.
The Market for unified communications across the SME market is growing rapidly as requirements for data capacity and hosted voice solutions continues to increase. This coupled with the highly fragmented nature of the UC market is helping to drive both organic growth and Wavenet’s acquisition strategy. Since our investment in August 2016, the business has made 3 acquisitions and created a strong infrastructure to undertake further buy and build activity. The business has doubled in size within our first year of investment.
Unified communications solutions provider
Year of Investment: 2016
“Wavenet is at the heart of the growing UC market for SMEs, our network is built from the ground up on cloud technologies so we can offer a great service to our customers and partners. We are delighted that Beech Tree Private Equity is on board to support our growth plans both organically and through a strategic acquisition strategy. Beech Tree delivered on exactly what they said they would do from the outset which was important to us as entrepreneurs.”