Rainbow announce acquisition of Charm
Rainbow Telecom are very pleased to announce the full acquisition of Charm Office Solutions Ltd and 100% of its share capital for a cash consideration. Charm, based in Essex offer a wide range of Audio Visual products, from video and online conferencing solutions to meeting room design and audio visual installation and maintenance, they provide a bespoke range of services all of which can be tailor made to the individual client.
Dave Corgat MD of Rainbow said, “ the acquisition of Charm is an early tactical move on our part and a new strategy to run alongside all our existing hosted services, we are now selling 80% of all products sold by Rainbow as cloud based and we believe that Video Conferencing in particular will be best sold as an application”
Rod O’Brien MD of Charm said “ We have been a market leader for many years selling traditional Video and Audio Visual services, but this exciting new phase in hosted services requires a greater reach than Charm can achieve. Working alongside a company like Rainbow I am certain we will be able to add the impressive portfolio of hosted services provided by Rainbow and utilise their expertise in this market place. We're absolutely certain our clients will agree this fantastic coming together will be a clear winner”