Friday December 13 2024
Swindon & Wiltshire News
Chippenham-based communications infrastructure and outsourced IT service provider Vysiion Group has been acquired by cloud, network and unified communications company Exponential-e.
The deal sees the exit of prominent investor BGF – which invested £4m in 2015 – from its minority stake.
Vysiion Group, which employs 150 people at its Langley Park HQ, provides critical infrastructure into sectors such as utilities, defence, central and local government, and emergency services. It has supplied technical solutions to bodies as diverse as the Ministry of Defence and the Forestry Commission.
Lee Wade, CEO of London-based Exponential‐e, said: “This is an exciting opportunity for Exponential-e. Vysiion is a high-quality company that has been built by the dedication and commitment of its staff over many years.
“Having worked together on previous projects, we knew there was a very close measure-of-fit between our respective companies.
“The complementary nature of our products, services, skills, experience, relationships, clients and capabilities is huge. Our culture, values and ethos are an exact match. And the dedication of our respective staff members in delivering true customer service excellence to our clients is a mirror image.”
Bruce Brain, chairman of Vysiion added: “With the acquisition of Vysiion by Exponential-e, Vysiion can continue to build upon its original strategy of utilising its strong reputation within the utilities market of delivering and supporting critical national infrastructure to support the creation of a significant IT services provider that successfully serves the large and rapidly growing public and private sector.
“Exponential-e provides Vysiion with access to a wider depth of services and will allow us to pursue larger opportunities. Exponential-e is a fantastic cultural fit and, going into the next phase for Vysiion, will be a great home for our staff and customers.”
