Posted: 27th Aug, 2009 By: MarkJ
The Fused Group, which is perhaps better known to us for their
Fused Networks broadband ISP division, has received significant private investment for continued growth and development. The Group has also re-located its head office to larger premises as part their continued expansion.
The Fused Group Board apparently received several offers from interested parties but unanimously opted for an investment deal with high net worth individuals. The group offers unified communications services, included connectivity, IP telephony and mobile applications, for over 175 UK channel partners under the Fused Networks, Webcalls and Mobility brands.
Mark Salvin, the Fused Group’s COO, comments:
"This is a really exiting time for us and the culmination of a lot of work for the whole Company. We are ambitious for the future; the combined effect of a new, bigger working environment and a cash injection means we will realise those ambitions at an accelerated pace. We appreciate we are in an enviable position and are determined to maximise it – the atmosphere in the Company at the moment is excellent."
These developments follow a strong trading year with a group turnover of £4.5 million and the launch of several new services (Webcalls Premium for VoIP calls on a mobile etc.).