Bristol business telecoms network specialist Solution IP has completed its acquisition of the client portfolio and infrastructure of Versacom, also based in the city.
Solution IP is now forecasting turnover of £2m in its financial year to next January following the deal – the result of a long-standing relationship between Solution IP founder Patrick Lincoln and Versacom managing director Ryan Jones.
Mr Jones takes over as sales and operations director at the enlarged firm, which will be based at Solution IP’s offices in Westbury-on-Trym. No financial details of the acquisition have been made public.
Solution IP was founded in Clifton in 2007, initially providing fixed-line services for phone lines and broadband.
In 2011 it merged with Converged Voice Solutions, whose founder Darren Ross remains with it as technical director, providing expertise on the design and implementation of systems and solutions.
With offices in Bristol and Reading, the company now serves around 500 customers in the South West, along the M4 corridor, in Europe and in the US and South America.
Clients range from smaller businesses with 20 to 50 users up to large companies with 500 users for which it designs and implements telecoms infrastructure networks.
Patrick Lincoln said: “I have known Ryan since I started this business and we have frequently worked closely with Versacom.
“This acquisition is really about offering the best service to our customers, bringing all the available expertise under one roof, giving us the chance to grow and enabling our customers to benefit from the combined resources and contacts.
“Solution IP now offers the complete range of unified telecoms network services and we are able to provide a truly bespoke solution for companies looking to maximise the effectiveness of their voice and data systems.”
Mr Jones founded Ashton Gate-based Versacom in 2010 after a 15-year career with major telecoms providers.
He said: “Over the years, Versacom grew from a zero start point to become an established provider of services to local, national and multi-site businesses, providing data and telephone networks, systems and hardware.
“We recognised that to continue our success we needed to expand our resources. We have known Solution IP for several years, sharing a similar ethos and quality of service provision, so it made perfect sense to bring the two businesses together.
“Solution IP is looking forward to working with forward thinking businesses which recognise the value in having a technology partner who can help them achieve their business objectives.”
Pictured, from left: Ryan Jones and Patrick Lincoln
