BT has completed the acquisition of local area networking firm SkyNet Systems, a move which the telco said will help it expand its IP communications service offerings.
SkyNet specialises in IP communications, wireless networks, content delivery and network security focused on the education, health, local government and media markets.
Tom Craig, director of BT Convergent Solutions, said that the takeover forms part of BT's strategy to extend its capability and market coverage in key technologies such as IP telephony, wireless networking and security.
Dave Carrington, founder and managing director of SkyNet, added that the acquisition would play to both firms' "mutual strengths".
SkyNet employs 59 people and generated operating profits of £1.5m on turnover of £21.7m for the year ended 31 March 2005. The company had net assets of £2.2m.
London, City of London, United Kingdom | Mulvaney Capital
Senior SQL Developer - Hedge Fund - London Experienced SQL based database developer sought to join systematic trading group. The role will focus on all aspects of automated data collection and database design, programming and ... more >
Hove, United Kingdom | Brighton & Hove City Council
Assistant Director / Head of ICT, c£75k plus relocation, Hove Technology has a huge part to play in people's lives. It empowers them, supports them, sets them free and makes their lives easier in a million ... more >
Youth Music - IT Manager - £30,000-£33,000 - Permanent Music is the creative art form of choice for many young people - it has the power to shape lives and communities. Youth Music is a ... more >
Portal Manager, Leeds In charge of the Portal Management team, you'll manage the day to day operations of the portal and provide editorial function and guidance. You'll understand and own the portal's strategic aim and ... more >More job opportunities
Print
Discuss
Send to friend
RSS feeds
Daily news podcast
IP-based 21st Century Network for voice and data over optical fibre 28 Apr 2005
del.icio.us
Digg this
reddit!
