TalkTalk Group's capacity to increase scale as a national provider of Ethernet solutions has been boosted by the acquisition of Virtual1. TalkTalk and Virtual1 hope to achieve a combined EAD market share of 25%.
The deal also adds Virtual1’s capabilities in automation, API and its portal, all built off Software Defined Network services.
It is expected that the increased scale and enhanced capabilities will strengthen TalkTalk’s Wholesale Platform offering.
Virtual1 CEO and founder Tom O’Hagan will continue to lead the standalone business of 200 people as part of TalkTalk Group.
TalkTalk CEO Tristia Harrison (pictured above) said: “Since taking the company private in February 2021 we have looked to invest to strengthen both our B2B and wholesale platforms.
"As all businesses continue to experience increasing demands for high bandwidth services, we see huge benefits in acquiring Virtual1, coupling our national scale network with its APIs and software capabilities."
Virtual1 CEO and founder Tom O’Hagan added: “Virtual1 has built an award-winning self-service portal and suite of APIs to enable businesses to virtually manage their networks with complete visibility of real-time bandwidth, reducing partners' manual intervention and cost, while improving the customer experience.
"We’re now able to expand the reach of our solutions and increase our scale as a network provider with TalkTalk.”