In a statement the company says this acquisition is an excellent fit for both companies since, like Invomo, the GCI Group approaches telecoms from the customer rather than the technology perspective. The GCI Telecom Group is experienced in the telecoms sector and has expansion plans to grow organically and through acquisition. There will be greater opportunity for Invomo’s present customers to benefit from the range of inbound voice and data services that GCI Telecom Group provides. This is good news for customers and employees, as the GCI Group is committed to growth and has proved this by its recent record.
New leadership comes with Wayne Martin (Group Chairman) and Don McQueen (Group CEO) whose focus is on maintaining excellent service and innovative solutions for all of Invomo’s customers. A smooth management transition is planned with minimum change in the short-term.
Don McQueen, CEO of the GCI Telecom Group said: “I’m delighted to announce a new start for Invomo with the acquisition by GCI Telecom Group Limited. This is really positive for Invomo and its customers as GCI is an expanding and profitable telecoms group. Today the GCI Group provides outbound telephony, VoIP and data services in the UK. The acquisition of Invomo will add an important arm to GCI Group’s offering with the addition of inbound telephony services, infrastructure, resources and customers; resulting in a comprehensive value-added telecoms services portfolio for UK companies.
Being part of a larger and growing group is great news all round, especially for our customers. This acquisition provides greater opportunities with a broader range of high quality voice and data services.”
Nick Wiley, outgoing CEO of Invomo said: “As well as clear synergies between the GCI and Invomo businesses the company is committed to the communications sector and to the creation of a business that, like Invomo, focuses on the customer’s business challenges, rather than simply on telecommunications technology.”
The acquisition was successfully completed at the end of December. This is the second major acquisition for the GCI Group in 2009 and creates a group with over £40m of annual revenues and significant cash flow and profits. The GCI Group is committed to organic and acquisitive growth, having completed over eight acquisitions in the last four years (IP infrastructures Limited, trading as ‘IPI’, was acquired in September 2009).