Daisy Group set to acquire 4Com for £215m 


Daisy Group is one of the UK’s largest privately-held IT services companies  

Matthew Riley, Chairman of business-to-business telecommunications and IT provider Daisy Communications Group has set a £215 million deal to acquire 4Com, a Bournemouth based communications, IT, and broadband provider. 

According to Sky News, who have broken the story, the deal is expected to be signed in the coming days. 

Riley was attracted to 4Com because of its cloud communications product HiHi, a business phone with in-built video calling technology. 

The deal will increase Daisy’s small and medium enterprise (SME) customer base to more than 200,000, with revenues from the division reaching over £400 million.  

Daisy has itself made 12 acquisitions in the last 18 months, the most recent being the acquisition of 128 customers from Meraki Communications last November. The deal’s financial details were not disclosed. 

Daisy has declined to comment on the news. 

In 2022, Daisy acquired one of its main rivals XLN, leaving it with an additional 120,000 customers and making the company second only to BT in the UK SME telecoms market.  

Get involved in the North’s telecoms industry by attending Connected North, 22-23 April in Manchester. Get your tickets now! 

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