Updata
| Company type | Private |
|---|---|
| Industry | Telecommunications |
| Founded | 2003 |
| Founder | Richard Bennett, Victor Baldorino |
| Defunct | 2014 |
| Fate | Acquired by Capita |
| Headquarters | Reigate , United Kingdom |
Area served | United Kingdom |
Key people | Tim Pearson (Non-Executive Chairman from 2010) |
| Products | Internet and broadband connectivity solutions for public sector clients |
| Parent | Capita (from 2014) |
Updata Infrastructure UK Ltd operated as a private British firm delivering Internet and broadband connectivity solutions, with a primary focus on serving public sector clients. Its main office was located at Premier House in Reigate, Surrey, complemented by additional branches situated in Cardiff, Wales, and Bellshill, Scotland.
During the fiscal year 2009/2010, Updata achieved revenues amounting to £19.7 million, marking an 82% growth compared to the previous year.
In 2014, Updata became part of Capita through an acquisition.
History
Established in 2003 by Richard Bennett and Victor Baldorino, Updata began its journey in the telecommunications sector.
The company attracted funding from LMS Capital plc, a UK-based private equity firm, in 2009. The following year, Tim Pearson—formerly CEO of RM plc—joined as Non-Executive Chairman.
On 1 April 2014, Updata was purchased by London-headquartered professional services organization Capita for £80 million on a cash-free and debt-free basis. Following the acquisition, Updata was integrated into Capita I.T. Enterprise Services.
Activities
Updata initially concentrated on local-loop unbundling within UK telephone exchanges. Over time, it secured multiple contracts and broadened its portfolio to include a wide array of Internet and broadband services aimed at public sector organizations. The company operated both directly and through partnerships with leading IT service providers such as Siemens, Logicalis, and Fujitsu.
The firm excelled in obtaining public sector contracts via competitive dialogue tendering processes, successfully partnering with local government bodies, educational institutions, and healthcare providers.
A significant achievement occurred in 2010 when Updata secured a six-year contract valued at £17.1 million to supply connectivity services for the Hertfordshire Grid for Learning, overtaking Virgin Media Business. Later, in 2012, it won a decade-long contract worth £81 million to oversee IT network infrastructure for Essex County Council through a joint venture with Daisy Group named Daisy Updata Communications; Updata received 75% of the contract's value.
External links
Press coverage relating to contract awards:
- Walsall Metropolitan Borough Council Computerworld UK
- Walsall Metropolitan Borough Council The Guardian
- Herefordshire County Council Computing
- Telecommunications companies established in 2003
- Companies based in Surrey
- Internet in the United Kingdom
- 2003 establishments in England
- British companies established in 2003
- Telecommunications companies disestablished in 2014
- 2014 disestablishments in England
- British companies disestablished in 2014
- 2014 mergers and acquisitions