BGF exits Olive Communications

BGF has exited Olive Communications, the managed cloud communications provider.

Olive Communications has been acquired by competitor Onecom, which will create the largest business-to-business mobile, fixed-line and cloud specialist in the UK.

Matthew Simcox, investor at BGF, said: “This is a fantastic result for Olive and BGF. We backed Olive in 2016 and over the last five years, the business has continued to build on its mobile heritage and become a market leader in cloud communications. We wish Martin Flick and his team all the best on their future journey.”

Martin Flick, CEO of Onecom Group, added: “Our ultimate objective this year is to help our customers continue to navigate the pandemic, and to be market-ready to transform, adapt and evolve their businesses with innovative cloud communications technologies that will empower UK PLC. BGF has been an excellent partner to the business, and we are now delighted to move on to the next stage with Onecom.”