Partner Article

Bluebell continues to blossom with new acquisition

TYNESIDE-based telecom group Bluebell has reportedly acquired a rival in Warwickshire as it looks to continue its rapid growth.

The Newcastle firm has snapped up telephony services company Callstream, according to reports, in the first deal since it won £3.95m in investment from Octopus Investments and YFM Private Equity.

Callstream will become the first company Bluebell has bought that will retain its brand name and autonomous operations. Founder Mark Drury will remain in charge and also joins Bluebell’s board of directors.

“Joining the Bluebell Telecom Group gives us the opportunity to continue our strategy of growth, whilst delivering the same high-quality of service to our current clients,” Mr Drury told trade publication CRN.

Bluebell claims the buyout will provide it with an extended “blue-chip customer base”. Director Michael Smith said his firm wants to compete with the market’s biggest consolidation players.

“Large and medium-sized businesses increasingly want to appoint a single communications provider with the experience, capability and track record of delivering all their voice and data requirements,” he said.

This was posted in Bdaily's Members' News section by Ruth Mitchell .