Testimonial
“We were immediately drawn to Techneds Culture and invaluable Technology Sector experience, their demonstrable track record in fast growth and many successful mergers, acquisitions and exits positioned them as the perfect investment partner for us”
Alex Lower CEO
Business overview
01Telecom (01T) was founded with a clear mission: to provide exceptional networking and connectivity solutions tailored to the needs of customers in the telecoms industry. Driven by a passion for excellence and a deep understanding of the market, 01T rapidly became a trusted partner for businesses looking for innovative, dependable and customized networking solutions.
Over the years, 01T has consistently delivered outstanding results for its customers. By focusing on bespoke solutions, they have enabled businesses to overcome complex connectivity challenges, enhance operational efficiency, and drive growth. Their dedication to providing top-tier service and cutting-edge technology has earned them a reputation for excellence and a loyal customer base that spans various sectors.
Involvement
In March 2019, Techneds acquired CXS Connected Enterprise (CXS), a UK-based operator of data centres and network infrastructure.
This acquisition was part of Techneds' strategy to enhance its portfolio in the technology sector. Subsequently, in late 2020, Techneds facilitated the merger of CXS with 01T. This merger combined CXS’s high-capacity carrier network and UK data centre infrastructure with 01T’s operational expertise.
The unified company continued under the 01T brand and launched the Global Network Exchange (GNX) in early 2021. GNX was designed to provide global connectivity with 100 Gbps ports as standard, initially covering 103 countries. This strategic move positioned 01T as a key player in international network connectivity, improving global data exchange capabilities.
The merger positioned 01T as a leading provider of robust, high-capacity global network connectivity, addressing the increasing demand for efficient data exchange across international boundaries.
Exit Announcement
In November 2023, Techneds Investments LLP (Techneds), successfully exited its investment in 01T through the sale to 4Net Technologies (Fournet). Techneds, a UK-based technology investment firm, had previously facilitated the merger of 01Telecom(01T) and CXS Connected Enterprise (CXS), in 2020, aiming to revolutionize international network connectivity.
The shareholders of 01T were advised by Knight Corporate Finance on its sale to FourNet.
Richard Pennington, co-founder and CEO of FourNet, added: “This acquisition builds on our growing network infrastructure offering and allows FourNet to provide an enhanced end-to-end service for our critical infrastructure and large enterprise customers who have resilient, reliable, global reach network requirements “
James Painter, Senior Investment Director at Palatine Private Equity—which acquired a majority stake in FourNet in 2021—emphasized that strategic mergers and acquisitions are central to FourNet's growth strategy. He noted that the addition of 01T significantly bolsters FourNet's network service offerings, aligning with their commitment to delivering comprehensive solutions to clients.
The acquisition by FourNet marked another successful exit for Techneds, aligning with its investment strategy to support and grow technology enterprises.
Network POP's
Network Uptime
Global Clients
Visit FourNet
The integration of 01T into FourNet ensures that you continue to receive the exceptional service and innovative solutions you’ve come to expect, with even more opportunities for growth and efficiency. Our combined portfolios provide a comprehensive suite of services designed to meet the evolving needs of businesses across sectors.
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Our Portfolio of Clients
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Earthstorm Media
Sustainable, Fast Paced, Cost Effective, High Quality, Brand Experiences.
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vizst
Providing customer-focused expertise, practical technologies and unrivalled support to elevate your organisation.
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Earthstorm Media
Sustainable, Fast Paced, Cost Effective, High Quality, Brand Experiences.
More Informationvizst
Providing customer-focused expertise, practical technologies and unrivalled support to elevate your organisation.
More information