4Com, a leading provider of business telephone systems, has announced the successful acquisition of part of the business telecoms customer base of FT Security Systems Limited (FutureTel). The acquisition is the 8th deal in just 16 months and the second completed in eight days for the Bournemouth-based telecoms company. Established in 2019, FutureTel provide an extensive range of telephony, security, and IT solutions for any size business throughout UK.
The FutureTel deal follows the purchases of Midshire Telecom, Eastern Voice and Data, Reach Digital Telecoms, Southern Business Communications, and the deals for the telecom customer bases of Bluebell Cloud Solutions, Meridian IT Communications and Fairfield Telecom. As with the Bluebell, Meridian and Fairfield acquisitions, this latest deal will see 4Com purchase part of the customer base, with FutureTel itself continuing to trade.
Mark Blackwell, FutureTel’s Managing Director, said, “Today’s announcement represents an exciting new chapter for FutureTel, and we are very pleased with the smooth and successful completion of this sale. I’ve appreciated working with the 4Com team to complete the deal; they’ve been honest and open about what they were looking for, and that’s helped to bring it to a swift conclusion. We’re now looking forward to our next steps thanks to the funds generated by this sale.”
Gary Scutt, 4Com’s Chief Executive Officer, explained, “We are thrilled to welcome FutureTel’s valued customers to the 4Com family. Being able to complete this customer base purchase so quickly after our Fairfield deal demonstrates how proficient we have become in completing acquisitions. With more on the horizon, this continues to be an exciting time for us, and I’d like to invite any businesses thinking of selling their whole business or customer base, no matter how big or small, to get in touch.”
Dean Cartledge, 4Com’s Chief Operating Officer, said, “We are delighted to complete our second acquisition in just eight days, which is now our fourth customer based acquisition and eighth overall. These acquisitions continue to strengthen our presence in the telecoms market and complement our ongoing growth strategy. As always, I’d like to thank the teams both at FutureTel and here at 4Com for their hard work and patience during this acquisition.”
Haydn Neville, Acquisition Consultant at 4Com, added, “I’d like to say a huge thank you to Mark and his team at FutureTel who have worked tirelessly to help make this transfer of customers as smooth as possible. This deal is another great example of how selling a customer base, or part of it can be a quick, cost-effective way of generating funds for your business, and is an increasingly preferable alternative to finance for many companies. We are more than happy to have informal discussions with any telecoms company looking for more information on their options.”
For more information on 4Com’s acquisitions process, and to request an informal, private conversation, please visit: https://www.4com.co.uk/acquisitions/
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