Wavenet has announced that its existing CEO Philip Grannum will lead the combined business of Wavenet and Daisy Corporate Services following regulatory approval and completion of the deal this week. It has also been confirmed that the new company, which will be the UK’s largest independent IT managed services and security provider, will operate under the Wavenet brand.
Wavenet will be a clear market leader with scale, focusing on delivering cyber, cloud and intelligent network solutions to UK businesses and the public sector. Its focus will be on customer service excellence, end-to-end solutions and being an expert and trusted partner.
Wavenet has expanded significantly over recent years through organic growth and strategic acquisitions thereby significantly building its IT services, cyber and next generation communications capability.
Daisy CEO Neil Thompson will be leaving the business, and the board and shareholders expressed their thanks for the successful leadership, achievements and growth delivered over the last three years, as well as his positive contribution to making the deal happen.
This latest deal with Daisy Corporate Services will employ around 2,000 staff and support over 22,000 customers. Daisy Chairman, Matthew Riley will join the new board as non-executive director, with Wavenet Chairman Bill Dawson staying on in his current role.
Wavenet will now have an enhanced client portfolio, including public sector bodies including Manchester City Council, the NHS and DVLA. In the retail sector, customers include household names such as AS Watson, Specsavers and John Lewis, while leisure and hospitality clients include Greene King, Marston’s and The FA.
CEO Philip Grannum comments: “I am delighted to be at the helm of the newly-combined business as we enter an exciting new chapter for our people, customers, partners and shareholders. The completion of the deal to combine Wavenet and Daisy Corporate Services marks a significant step forward in creating the UK’s largest independent IT managed services and security provider. By combining our strengths, resources and expertise, we are poised to create a stronger and more innovative organisation, well positioned to maximise on the rising tide markets of cyber, cloud and intelligent communications.”
“Although both the Wavenet and Daisy names are extremely strong in our market, we can confirm that the new business will operate as Wavenet. This will bring our businesses together under one unified brand and ensure a clear distinction between other parts of the Daisy Group, which were not part of this deal.”
He continued: “The coming weeks and months will see a collaborative and transparent integration process to bring together our operations, systems and processes. Our focus will be on ensuring a smooth transition for our people, customers and partners.”
For further information visit www.wavenet.co.uk or www.daisyuk.tech.