Wavenet has confirmed that Philip Grannum will be the CEO of its newly combined business with Daisy Corporate Services.
Grannum, Wavenet’s current CEO, will be appointed in the role following regulatory approval and the completion of the merger this week.
It has also been confirmed that the new company, set to become the UK’s largest independent IT-managed services and security provider, will operate under the Wavenet brand.
“I am delighted to be at the helm of the newly combined business as we enter an exciting new chapter for our people, customers, partners and shareholders,” said Grannum.
The completion of the deal to combine Wavenet and Daisy Corporate Services marks a significant step forward in creating the UK’s largest independent IT-managed services and security provider. By combining our strengths, resources and expertise, we are poised to create a stronger and more innovative organisation, well positioned to maximise on the rising tide markets of cyber, cloud and intelligent communications.”
Daisy Corporate Services CEO Neil Thompson is set to depart the company. Wavenet expresses Daisy’s board and shareholders’ gratitude for Thompson’s leadership, which the company says has steered Daisy through three years of substantial growth and success. It also acknowledged his instrumental role in facilitating the recent deal.
Approximately 2,000 employees will join Wavenet’s ranks, and over 22,000 customers will receive support. In the wake of this deal, Daisy’s Chairman, Matthew Riley, is slated to assume a non-executive director position on the new board. Meanwhile, Wavenet’s Chairman, Bill Dawson, will maintain his current role within the organisation.
“Although both the Wavenet and Daisy names are extremely strong in our market, we can confirm that the new business will operate as Wavenet,” added Grannum. “This will bring our businesses together under one unified brand and ensure a clear distinction between other parts of the Daisy Group, which were not part of this deal.”
“The coming weeks and months will see a collaborative and transparent integration process to bring together our operations, systems and processes. Our focus will be on ensuring a smooth transition for our people, customers and partners.”
More Details On What The New Wavenet Looks Like
The merger, first confirmed in May, is pitched as setting Wavenet up to become a dominant force in the market. Its focus is on becoming the leading provider of cyber, cloud, and intelligent network solutions to businesses and the public sector across the UK. The company iterates its commitment to customer service excellence, comprehensive end-to-end solutions, and reputation as an expert and trusted partner are at the forefront of its business strategy.
Wavenet says it has seen significant expansion through organic growth and strategic acquisitions, enhancing its capabilities in IT services, cyber security, and next-gen comms. It affirms that this growth trajectory positions Wavenet to deliver cutting-edge solutions and services that meet its customers’ evolving needs.
Wavenet is set to significantly enhance its client portfolio with the merger, which now includes public sector entities such as Manchester City Council, the NHS, and the DVLA. In the retail and hospitality domains, the company encompasses partnerships with renowned brands like AS Watson, Specsavers, John Lewis, Greene King, Marston’s, and The FA. Wavenet suggests they add to the company’s robust clientele.
