Modern Networks targets education sector with Wave9 buy

IT managed services provider Modern Networks has gained a foothold in the education sector and expanded its capabilities with the acquisition of Wave9.

The transaction will form the basis of a new education division which is expected to deliver high growth on the back of positive funding dynamics and a renewed focus on infrastructure capacity, resilience and security standards by the Department for Education.

"Tech in education has had a profound impact on the classroom," stated Modern Networks CEO Matthew Reeve (pictured). "From one-to-one computing environments to online consultations with parents, tech is now used in all aspects of education. There is still a great deal more opportunity for technology to help in education and this is a journey that we all want to go on.

"Our expanded portfolio also allows us to address a wider range of IT requirements and to deliver more specialised and tailored solutions."

Dan Delooze, Vice President at Acuity (which advised Wave 9 on its sale), added: "The Wave 9 Team has built a stand out business in a rapidly developing and fundamentally critical sector, which defines the way that students leverage IT and access online resources in a safe and secure environment."

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