FourNet boosts network infrastructure offering with 01T buy

FourNet has acquired global network specialist 01T, its fourth deal in the last three years and second this year.

01T will offer the underlay connectivity to FourNet’s overlay of communications, CX and cybersecurity managed services.

Richard Pennington, co-founder and CEO of FourNet, said: “This acquisition builds on our growing network infrastructure offering and allows FourNet to provide an enhanced end-to-end service for our critical infrastructure and large enterprise customers who have resilient, reliable, global reach network requirements.

“It also allows FourNet to view and manage the end-to-end network and gain more control of network implementation and support, where currently we are reliant on 3rd party network aggregators.” 

FourNet now has more than 200 employees, with offices in Manchester, London and Derby.  

James Painter, Senior Investment Director at Palatine Private Equity, which acquired a majority stake in FourNet in 2021, added: “Enhancing capability through strategic M&A is a key part of FourNet’s growth strategy and the acquisition of 01T adds a crucial network element to FourNet’s offering.”  

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