Industry Broadband Services Headquarters Reigate, United Kingdom Type of business Privately held company | Website Updata.Net Founded 2003 | |
Key people Richard Bennett(Founder/Director)
Victor Baldorino(Founder/Director)
Tim Pearson(Chairman) | ||
Updata Infrastructure UK Ltd (Updata) 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).
Contents
In 2009/2010 Updata had revenues of £19.7m, an increase of 82% on the previous year.
History
Updata was founded in 2003 by Richard Bennett and Victor Baldorino, who remain the company’s Executive Directors.
In 2009, Updata received investment from UK private equity firm LMS Capital plc. Subsequently, in 2010, Tim Pearson, former CEO of RM plc, was appointed as Non-Executive Chairman.
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.
Activities
Updata initially focused on implementing local-loop unbundling in UK telephone exchanges, winning a number of contracts 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. This contract is valued at £17.1m over six years.