Updata
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| Company type | Private Company |
|---|---|
| Industry | Broadband Services |
| Founded | 2003 |
| Headquarters | Premier House Warren Road Reigate Surrey RH2 0BE United Kingdom |
Key people | Richard Bennett(Founder/Director) Victor Baldorino(Founder/Director) Tim Pearson(Chairman) |
| Website | Updata.Net |
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).
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
- ^ LMS Capital. Portfolio Review. 2011. p. 2.
- ^ Updata Web Site.
- ^ LMS Capital. Web site.
- ^ LMS Capital. Web site.
- ^ http://www.capita.co.uk/news-and-opinion/news/2014/capita-acquires-updata.aspx
- ^ "Updata inks LLU deal with Dorset" The Register, 8 March 2005
- ^ Herts Direct. Hertfordshire County Council [full citation needed]
External links
Press coverage of contract awards
- Walsall Metropolitan Borough Council Computerworld UK
- Walsall Metropolitan Borough Council The Guardian
- Herefordshire County Council Computing