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B2B internet service provider

M247 is the UK’s fastest growing connectivity and internet infrastructure provider. Established in Manchester in 2003 as Metronet (UK), it has since grown rapidly, both organically and through transformative acquisitions, to deliver high-speed connectivity and managed services to corporates and SMEs across the Midlands and North of England, with recent expansion into London and Europe. The combined Group, which rebranded as M24Seven in 2017, operates the most advanced hybrid ISP network in the UK. By combining a unique offering of wireless and wired technology, M247 is able to offer connectivity solutions that are typically implemented five times quicker than traditional fibre and copper based services.

Extending reach through acquisitions:

  • Livingbridge’s £45m secondary buyout supported the business’s transformative acquisition strategy. In 2016 Metronet (UK) acquired M247, a leading internet infrastructure and hosting company, for £47.5m. With operations in Manchester, UK and Bucharest, Romania, the acquisition of M247 allowed Metronet (UK) to offer a combined portfolio of connectivity and content services across the UK and Europe.

  • In 2017, Livingbridge backed Metronet (UK) in the acquisition of Venus Business Communications, a leading high growth fibre network provider. The acquisition of Venus has enabled Metronet (UK) to target accelerated London growth and provided access to six new strategically important datacentres, so that Metronet (UK)’s network is now connected to 14 of the world’s most important internet exchanges.

  • The combined Group, which has recently rebranded as M247, operates the most advanced hybrid ISP network in the UK and employs around 250 people across five sites including Manchester, London and Bucharest, supporting almost 34,000 customers across 92 countries.

 

"We have a fantastic longstanding relationship with Livingbridge; our joint ambition and drive has allowed the partnership to go from strength to strength."

Jenny Davies, CEO

Timeline

2003

Metronet (UK) founded

2014

Livingbridge invest in Metronet (UK)

Metronet (UK) wins BVCA Mid-Market Private Equity backed Management Team of the Year in the North West.

2016

New CIO joins

Acquisition of M247

2017

Acquisition of Venus Business Communications

The combined Group rebrands as M24Seven

Ex CEO of News UK joins as chairman

M247 recognised in Sunday Times Hiscox Tech Track 100

 

Metronet (UK) and Livingbridge 

We interviewed Lee Perkins of Metronet (UK) and Matthew Caffrey of Livingbridge shortly after Metronet's transformational acquisition of M247.  Lee and Matt  discuss the market opportunity, how they work together and the recent acquisition of M247.