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Wavenet

UK managed IT services and cybersecurity

Overview

Wavenet provides managed IT services to UK businesses and public sector bodies, focusing on cybersecurity, communications, connectivity, and cloud technologies. Its offerings include a CREST & CHECK accredited security division and a 24/7 UK Security Operations Centre, plus unified communications, internet connectivity, and cloud infrastructure that are delivered as scalable, recurring services. Wavenet stands out by combining a broad, integrated portfolio with a UK-based security operation and a history of growth through mergers, recently forming the UK's largest independent IT managed services and security provider. The company aims to help customers securely migrate, connect, and operate in the cloud with proactive, managed IT and security services from a single partner.

Significant Headcount Growth

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About Wavenet

Simplify's Rating
Why Wavenet is rated
B-
Rated B on Competitive Edge
Rated B on Growth Potential
Rated C on Differentiation

Industries

Government & Public SectorEnterprise SoftwareCybersecurity

Company Size

1,001-5,000

Company Stage

Debt Financing

Total Funding

$99M

Headquarters

Solihull, United Kingdom

Founded

2000

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Simplify's take

What believers are saying

  • January 2025 Rubrik partnership expands disaster recovery and data protection revenue.
  • September 2026 AI customer-service investment and ServiceNow deal improve support capacity.
  • ColorTokens, BDO, and Fidus deepen security offerings and strengthen cross-sell into existing accounts.

What critics are saying

  • Daisy integration strains service quality and sales focus through 2026.
  • Macquarie-backed rollup depends on acquisitions, increasing debt and execution risk during slower demand.
  • A single major outage or breach could wreck NHS and public-sector trust, killing renewals.

What makes Wavenet unique

  • Wavenet unites cyber, comms, connectivity, and cloud under one UK-managed service contract.
  • Its 24/7 UK SOC uses Microsoft Sentinel, CrowdStrike, Darktrace, Rapid7, and Carbon Black.
  • The 2025 Daisy merger created the UK's largest independent MSP, serving 22,000 customers.

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Funding

Total Funding

$99M

Above

Industry Average

Funded Over

1 Rounds

Debt funding comparison data is currently unavailable. We're working to provide this information soon!
Debt Funding Comparison Coming Soon

Benefits

  • Health Insurance
  • Paid Vacation
  • Wellness Program
  • Training Programs
  • Professional Development Budget

Growth & Insights and Company News

6 month growth

1%

1 year growth

46%

2 year growth

46%
Iliffe Media Group
Feb 20th, 2023
Cambridge cyber security consultancy Fidus Information Security acquired by Wavenet

Cambridge cyber security consultancy Fidus Information Security has been acquired by Wavenet, a private equity-backed IT managed services provider based in Solihull.

NewsnReleases
Feb 8th, 2023
Wavenet offers to acquire AdEPT Technology Group for £50.3 million

a member of the Wavenet Group and subsidiary of Macquarie Group recommended all cash offer for the entire share capital of AdEPT Technology Group

NK Media Ltd
Feb 6th, 2023
Wavenet acquires Fidus Information Security

West Midlands-based telecommunications company Wavenet has acquired Cambridge-based Fidus Information Security, an advanced penetration testing consultancy.

Comms Dealer
Feb 4th, 2023
Comms Dealer - Wavenet strengthens security play with Fidus buy

Wavenet has acquired Fidus Information Security to strengthen its penetration and testing capabilities. Fidus holds several certifications, including National Cyber Security Centre (NCSC) CHECK

N2K Networks
Aug 24th, 2022
Formic hires Karl Barry as Head of Robotics Monitoring

Formic has hired Karl Barry as Head of Robotics Monitoring, Mika Saryan as Head of Fleet Management Products, and Michael Lim as Sales Development Manager.

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