Revenue: £131m (+96%)
Headcount: 669
This Solihull-based unified comms specialist’s pro-forma revenues hit £200m in April 2023 when it completed its purchase of AIM-listed peer Adept. Accounts for Wavenet’s year to 31 March 2023 show its top line virtually doubling pro-rata to £131m as it digested recent acquisitions including OGL and Excell. The Macquarie Capital-backed outfit counts Microsoft, BT, Gamma, Extreme Networks, 8×8, Five9, Darktrace, Cato and Gigamon among its key vendors.
Oxygen ice-breaker: Wavenet’s M&A drive shows no sign of petering out – in December 2023 it snapped up 40-employee Falanx Cyber.
