Updata

Updata Infrastructure UK Ltd is a privately held UK company providing Internet and broadband connectivity services, primarily to public sector markets. Updata’s headquarters are in Premier House, Reigate, Surrey and the company also has office in Wales (Cefn Coed Business Park, Cardiff) and Scotland (Strathclyde Business Park, Bellshill).

Updata Infrastructure UK Ltd
Private Company
IndustryBroadband Services
Founded2003
HeadquartersPremier House
Warren Road
Reigate
Surrey
RH2 0BE
United Kingdom
Key people
Richard Bennett(Founder/Director)
Victor Baldorino(Founder/Director)
Tim Pearson(Chairman)
WebsiteUpdata.Net

In 2009/2010 Updata had revenues of £19.7m,[1] an increase of 82% on the previous year.

History

Updata was founded in 2003 by Richard Bennett and Victor Baldorino.[2]

In 2009, Updata received investment from UK private equity firm LMS Capital plc.[3] Subsequently, in 2010, Tim Pearson, former CEO of RM plc, was appointed as Non-Executive Chairman.[4]

On 1 April 2014 it was announced that Capita had acquired Updata for a cash consideration of £80m on a cash free, debt free basis.[5]

Activities

Updata initially focused on implementing local-loop unbundling in UK telephone exchanges, winning a number of contracts[6] Over time, the company has developed a broad range of Internet and broadband services, aimed primarily at public sector clients. The company operates both as a direct suppliers to public sector clients, and in partnership with larger IT services organisations such as Siemens, Logicalis and Fujitsu.

Updata’s Web site identifies a number of contracts with local authorities, education authorities and health service providers.

The company competes successfully for public sector business against major UK broadband suppliers. In 2010, Updata was awarded the contract to provide connectivity for the Hertfordshire Grid for Learning, displacing Virgin Media Business.[7] This contract is valued at £17.1m over six years.

References
  1. LMS Capital. Portfolio Review. 2011. p. 2.
  2. Updata Web Site.
  3. LMS Capital. Web site.
  4. LMS Capital. Web site.
  5. http://www.capita.co.uk/news-and-opinion/news/2014/capita-acquires-updata.aspx
  6. "Updata inks LLU deal with Dorset" The Register, 8 March 2005
  7. Herts Direct. Hertfordshire County Council

Press coverage of contract awards

This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.