Belfast-based Rainbow Communications acquired by top 100 company

  • Local IT and telecoms solutions provider Rainbow Communications has been acquired by Sunday Times Top Track 100 company Radius Payment Solutions.

    Rainbow Communications has announced major expansion plans following acquisition by major FinTech firm Radius Payment Solutions. The acquisition will help the company grow its brand across the island of Ireland and expand the range of services it can offer clients. Radius ranked 24th last year on the Sunday Times Top Track 200 list, with a turnover of £2.6bn.

    Rainbow currently has over 10,000 clients across Britain and Ireland and specialises in communications tech, cloud computing, mobile networking, and high-tech telecoms services for enterprise customers. The acqusition follows a successful year for Rainbow in which they were accredited as a Microsoft Silver partner.

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    Eric Carson, Rainbow Communications' founder, commented on the acquisition: "For more than two decades, Rainbow has been at the forefront of tech innovation, driving digital connectivity for businesses right across the region and beyond, making it easier to communicate, to do business better and to compete effectively. For 2021 and beyond, I’m also excited to be passing the reins to a invigorated team who will lead a new and successful period of growth for the company."

    Ray Ferris, Managing Director, Telecoms, Radius Payment Solutions, commented: "The acquisition of Rainbow Communications gives us a greater platform to provide non-mobile services to our growing customer base in Ireland. Rainbow has an excellent reputation in the local market and compliments our growing mobile business to give customers more choice with their transition from legacy technology to cloud services."

    Source: Written based on press release

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