Timico Strengthens Convergence Position with KeConnect Acquisition

Timico, an independent provider of converged communication services to the business market, today extended its internet service and broadband capabilities with the acquisition of KeConnect Group Limited, a UK based independent Internet Service Provider. The acquisition, which includes KeConnect Group’s principal subsidiary, KeConnect Systems Limited, supports Timico’s objective of becoming a leading player in the converged B2B space by boosting its presence in that market and strengthening its presence in the SoHo/Prosumer sector.

The move impacts the mix of services currently provided by Timico to its customers, achieving a more equitable balance between internet, fixed and mobile services. Timico will also benefit from inheriting relationships with over 300 of KeConnect’s specialist computer outlet dealers. These exclusive arrangements will provide a robust channel through which the other Timico converged, fixed, VoIP and mobile communications services can be sold in the future.

“We are delighted to have made our second acquisition. Like Timico, KeConnect is another convergence-focused business and shares our strong commitment to providing high quality, business strength solutions with exceptional personal customer service. By combining the two companies, we achieve a strategic opportunity to further increase the value of our business by gaining a customer base into which we are able to sell multiple services,” says Tim Radford, Chairman, Timico Group.

KeConnect has traded successfully since 1995 as a predominantly B2B Internet Service Provider based near Ipswich. Formed in 1987, the company has grown rapidly and is profitable, with over 6,000 broadband connections and a full suite of internet communication solutions including ADSL, domain names and point-to-point connectivity. KeConnect’s directors, Robert Kemp and Gary Hill will remain with the business as Sales and Technology Director respectively. They will continue to lead and drive the growth of KeConnect, which will run as a standalone subsidiary of the Timico Group. They will both report into Chris Tombs, Chief Executive.

“We are please to be teaming up with a company as well respected as Timico because it offers us tremendous flexibility for our dealers as well as our customers,” says Robert Kemp, Sales Director, KeConnect.