Redstone broadens network with acquisitions

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UK communications company at Redstone has acquired Pure Networks and its subsidiary, Pure Telecommunications for an initial payment of $9.3million.

The acquisition provides Redstone with an additional 3,000 SME customers, together with a sales team and specialist engineering team operating principally in the Solent area of southern England, where Redstone is building its first metropolitan area network cluster. A further benefit will accrue from the migration of traffic onto Redstone’s network.

The Pure Group employs 50 people and is based in Eastleigh, Hampshire. Tony Digweed, managing director, and all key members of the management will remain as employees.

Redstone has also acquired Isomatrix (UK), an interactive voice services company which is a highly profitable customer of Redstone’s premium rate services, for $9.9 million. Isomatrix is based in Ashton-in-Makerfield and employs 12 people.

Graham Cove, CEO of Redstone Telecom said: “We are assembling the skills, geographic coverage and network traffic we need to deliver our strategy of being the leading supplier of broadband communications services to the SME marketplace.”

Redstone

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