Radius Payment Solutions, a provider of B2B transport and communications services including telecoms, fuel cards, electric charge points, vehicle tracking and insurance, has today acquired Rainbow Communications.
Founded in 1998 by Eric Carson and Martin Hamill, Rainbow Communications is now one of the leading independent telecommunications companies in the UK and Ireland. Rainbow Communications supply a full range of services including connectivity, hosted VOIP and mobile. Based in Belfast, they have now built a customer base of more than 10,000 businesses, predominantly in Northern Ireland.
Bill Holmes, CEO of Radius, commented: “Eric and Martin have built a great business over the last 20 years and have a strong customer base that includes many of Northern Ireland’s Top 200 Companies. We are really looking forward to working with their team to continue this success and innovate with new products and services over the years ahead.”
Eric Carson, co-founder of Rainbow Communications, said: “We are very pleased to have agreed to this acquisition with Radius. The company’s ethos and expansionary vision aligns with our own and we believe this investment presents an exciting new opportunity, not only for our staff, but for the broader Northern Ireland economy.”
Rainbow Communications represents the eighth acquisition in the sector within the last two years as Radius continues to expand its telecommunications services globally. This acquisition follows the purchase of Connect Total Communications in October 2020, both of which will strengthen Radius’ presence in Ireland specifically. The recent acquisition of both Connect Total and Rainbow Communications builds upon Radius’ existing mobile and fixed line services respectively.
Radius has operated within Ireland for 25 years and has built a growing customer base under the DCI brand, a provider of fuel card solutions. This acquisition will enable DCI customers to benefit from a broader variety of products and services with ease of management from a single provider moving forward.
Ray Ferris, Managing Director of Radius Connect,said: “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. We are really looking forward to working with the teams and integrating the business with our Radius Connect team in Belfast.”
Radius Payment Solutions’ are actively pursuing an international diversification strategy in order to provide customers with a compelling range of products across telecoms, electric vehicle charge points, telematics, insurance and fuel cards.