Wavenet swoops for IT services firm

Solihull comms firm Wavenet has completed the purchase of an IT solutions and cyber security services provider which employs more than 200 staff.

The deal for OGL Computer Support and CyberGuard Technologies means Wavenet will become one of the largest providers of unified communication, cloud solutions and cyber security services.

OGL Group, which had turnover of £23m in 2020, said the acquisition presents an opportunity to enhance the portfolio of services offered by OGL Computer Support and CyberGuard Technologies and support future expansion into new markets.

It will also enabling its OGL Software division to break away from the group to focus solely on its enterprise resource planning (ERP) business.

Bill Dawson, CEO of Wavenet, who are patrons of Solihull Chamber of Commerce, said: “It is an extremely exciting time for Wavenet, with this acquisition, OGL IT and CyberGuard Technologies bring a wealth of knowledge and experience, enabling the Wavenet Group to strengthen its offerings, and enhance the service provided to our customers.

“They have a talented team who share the same values, and their ambitions match ours of being a customer focused organisation, putting customer needs at the heart of everything we do. I look forward to our continued growth and success as we integrate OGL IT & CyberGuard into the Wavenet Group ”

Orbis advised on the deal, led by Shah Zaki and Nick Wall, with legal advice to the shareholders provided by Mark Gibson, Siobhan Cameron, Jon Stevens and Jagdeep Lall from DWF.