M&A Deal Summary

Wavenet Acquires Qubic Group

On November 19, 2020, Wavenet acquired internet software and services company Qubic Group

Acquisition Highlights
  • This is Wavenet’s 2nd transaction in the Internet Software and Services sector.
  • This is Wavenet’s 4th transaction in the United Kingdom.

M&A Deal Summary

Date 2020-11-19
Target Qubic Group
Sector Internet Software and Services
Buyer(s) Wavenet
Deal Type Add-on Acquisition

Target

Qubic Group

St Albans, United Kingdom
Qubic Group Plc is a cloud voice and data company. Qubic provides a range of cloud services; computing, telephony, cybersecurity, and continuity along with the associated connectivity, support and professional services. The cloud services are delivered through a combination of Private and Public Cloud which includes Qubic’s Cloud Nexus and other cloud providers such as Microsoft Azure, AWS and HPE’s Greenlakes. Qubic Group was founded in 1995 and is based in St Albans, England.

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Buyer(S) 1

Buyer

Wavenet

Solihull, United Kingdom

Category Company
Founded 2000
Sector Communications
DESCRIPTION

Wavenet is a multi-award-winning provider of telecoms and technology solutions serving thousands of small and medium-sized businesses and enterprises across the United Kingdom (UK). Wavenet has built on a solid foundation for growth over the last five years, with a focus on future technologies and digital transformation that will drive the industry and its customers. The new partnership with Macquarie Capital will boost this growth potential, by providing both expertise and flexible growth capital. This will enable more investment in the people at Wavenet and provide a renewed focus on strategic acquisitions. Wavenet was formed in 2000 and is based in Solihull, United Kingdom.


DEAL STATS #
Overall 4 of 7
Sector: Internet Software and Services M&A 2 of 2
Type: Add-on Acquisition M&A Deals 4 of 7
Country: United Kingdom M&A 4 of 7
Year: 2020 M&A 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-02-17 Portal Voice and Data

Norfolk, United Kingdom

Portal Voice and Data Ltd. is a unified communications player specializing in telecoms, data, and cloud in the East of England. Portal Voice and Data Limited consults, supplies and manages telecommunications solutions that solve business problems and contribute to commercial growth.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-04-14 AdEPT Technology Group

Tunbridge Wells, United Kingdom

AdEPT Technology Group is a provider of a switch-less telecommunication reseller voice telephony services to over 50.000 customers, including both domestic UK-consumers and businesses. AdEPT Technology Group was founded in 2003 and is based in Tunbridge Wells, the United Kingdom.

Buy £50M