Adept Telecom bags Atomwide in £12m deal

Adept Telecom's growing presence in the public sector has been underscored by its acquisition of Atomwide for £12m.

Atomwide provides ICT solutions to more than 4,000 UK schools, local authorities and Regional Broadband Consortia with over two million users.

The deal is Adept Telecom's fifth acquisition in two years.

To meet the funding requirements Adept secured £7.3m from Business Growth Fund (BGF) plus funding through its existing banks.

Adept Telecom CEO Ian Fishwick said: "Over the last two years we have transformed Adept from its origins as a telecoms company providing calls and lines to a managed services business providing complex solutions involving IT and telecoms."

Law firm Cripps advised on the acquisition.

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