Seizing the opportunity: siptel announces its strategy for merger and acquisitions
Surrey Head Office based IT and technology company siptel to embark on ‘buy and build’ growth, following 8 successful years in business
siptel, a leading independent new generation IT, voice and data solutions provider, has announced that following a successful period of organic growth, it now has the finance, management team and acquisition team in place to be able to start considering company mergers and acquisitions.
When siptel was founded in 2003, they recognised that whilst the technology sector is a highly competitve environment, few resellers were providing the best leading technology choices for its customers. siptel offers more than the ‘standard’ IT offerings, providing bespoke hosted and cloud solutions, with value added services that deliver over and above what many other IT solutions providers offer.
siptel’s key target verticals are Finance, Education, Healthcare, MoD / Government and Travel, and they are specifically focused on acquisitions in the Network Services arena, IT or Voice businesses.
It cannot be denied that the current economic climate is challenging, to most businesses, globally. siptel’s main objective has always been to continue to grow at the same steady rate and maintain a high level of customer satisfaction. Up until now, the key factor dictating the success of siptel’s growth strategy has been delivering complex bespoke solutions, achieving profitable growth beyond the cost of running the business. However, the Company also recognises that, whilst organic growth has been strong over the years, the new strategy is now to take the business to new levels in its new business plan.
Steve Rasmussen, Director at siptel, commented:
“We have reached a point where siptel will post our best year to date, FY April 2011 to March 2012. Each and every year since inception siptel has been highly profitable and has maintained growth. siptel has recently engaged with corporate finance boutiques for acquisition opportunities. We have a firm strategy in place and are looking for a specific type of IT/networks/voice organisation, to help grow and expand the business.”
Head office based on The Surrey Research Park in Guildford, Surrey, siptel is an independent IT, voice and data solutions provider, delivering business focused communication solutions and associated technologies to the mid-to-corporate enterprise market. siptel designs, project manages and supports a wide range of cloud, IT, communication systems, applications and services. siptel has experience in a wide range of sectors, including travel, education, healthcare and entertainment.
siptel has designed its own application called “siptel Directory”, an html based technology on a SIP phone, which has been used in the travel sector (TUI Travel). siptel’s main areas of expertise includes Hosted, Cloud, IT applications, IP Telephony and SIP, Contact Centres, CRM, Unified Messaging, Outbound Applications, Network Services, Call Logging, Voice Recording and Audio Visual.
siptel has won a range of different awards – most recently, winner of the British Excellence in Sales and Marketing Awards 2011 (Sales Professional of the Year), finalist at the Customer Experience Awards 2011 and first runner up at the National Sales Awards 2010 for Technology Implementation Project of the Year. Prior to that, siptel won the Communications International Award 2009 and was a finalist at the European IT Excellent Awards 2010.