illume Comment on InTechnology Acquisition

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“Considering we saw little M&A activity in the Hosted VoIP market at the start of 2013, the last few months have seen significant changes in the makeup of the market. We have already seen Broadsoft acquire HIPCOM in August and 8X8 purchase Voicenet Solutions last week and now Redcentric has announced that they have bought InTechnology in a £65 million cash acquisition.

Redcentric, a spin off of Redstone, purchase signifies a move which Tony Weaver, CEO of Redstone, claims will create “the leading independent managed services business in the UK”.

This move has formed so far the third biggest B2B networking and data player in the UK market with only Daisy and Easynet who are significantly larger then Redcentric now are. With an increasingly fragmented market, moves such as these are giving companies a way to push through the barrier of being ‘midmarket’ and with further M&A activity the makeup of the market could be set for a significant change.”

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