19th December 2019
Gamma Communications, a rapidly growing provider of communications services to the UK business market, has announced its acquisition of Telsis Communication Services, a UK-based developer of unified communications-as-a-Service (UCaaS) products for small to medium-size enterprises (SMEs). Gamma anticipates that this acquisition will bring the right combination of specialist development skills and engineering expertise, thus helping the company to achieve its strategic goal of becoming a leading UCaaS campaigner. Dow Schofield Watts Transaction Services provided financial due diligence.
Andrew Taylor, Chief Executive of Gamma, said, “We’re really pleased to announce the acquisition of Telsis. The development skills they have are core to Gamma’s UCaaS strategy and we plan to enhance our existing engineering teams to provide more resource to accelerate our existing roadmap. We look forward to working alongside the Telsis team as we continue to grow Gamma and capitalise on the opportunities ahead.”
The transaction, the value of which is estimated between GBP 2 to 3 billion, follows an MVNO (Mobile Virtual Network Operator) agreement between Gamma and Three UK, which incorporates 5G services that will make the Gamma’s UCaaS offering a much richer media experience. Furthermore, by acquiring Telsis, a company that already provides established routes to the market, the UK business telco will be able to ultimately introduce their expanding portfolio of UCaaS services in Europe.
Bhavesh Parmar, Chief Executive of Telsis, commented, “We are excited about being part of the Gamma team and working alongside them to accelerate their development plans to further enrich their UCaaS capability. Telsis has a strong reputation for designing disruptive technologies that put human interaction first and through this relationship we will extend our reach and enable a wider range of businesses to access our solutions.”
In addition, Fareham-based Telsis employs approximately 25 people, has its service management products and Cloud UCaaS applications designed and developed in the UK and Germany, and has a presence in Europe and Africa. According to the latest Synergy Research Group’s UC report, SMEs still account for nearly 90 percent of all UCaaS subscribers, but the enterprise segment is growing the fastest.