Suffolk software development company two10degrees has been acquired by the Australian-based Nova Group.
Founded in Ipswich in 1999 and based since 2004 at nearby Little Blakenham, two10degrees is the company behind the Global Alerting Platform (GAP), a hub for satellite and cellular messaging which providing tracking, communications and emergency alerting across the world.
It also builds sophisticated software solutions, with its partners ranging from the NHS and the Department for Education to Microsoft and Sky.
Nova Group is parent company to a mix of businesses including professional services provider Nova Systems, civil aerospace engineering firm GVH Aerospace, integrated communications business Auspace and geospatial specialist Geoplex.
The businesses serve clients across sectors including defence, transportation, emergency services, space, telecommunications, utilities, energy and resources, with two10degrees seen as “a great fit”.
Richard Prodger and Ken Lawrence will stay on as directors of two10degrees following the deal, the value of which has not been disclosed, and the business will continue to trade under its current identity from its offices at the Broomvale Business Centre.
Nova Group global chief executive Greg Hume said: “We have known and worked with two10degrees for a number of years. The company is a great fit with the Nova Group, and we are excited by the new opportunities for our combined businesses globally.”
Ken Lawrence said: “The acquisition is a great opportunity for our team, our partners and our clients. We look forward to contributing to Nova’s ambitious strategy whilst continuing to support our existing partner and customer eco-system.”
Richard Prodger added: “Nova will provide immediate access to a broader range of skills and resources, helping us to strengthen our global aspirations. We are really looking forward to embarking on this journey with Nova.”
Besides its applications with commercial clients and public services, the GAP platform has been provided by two10degrees to support a number of charitable expeditions.
It also collaborates with academics and is among the finalists in the Knowledge Catalyst category of the 2017 EADT Business Awards.
Comments: Our rules
We want our comments to be a lively and valuable part of our community - a place where readers can debate and engage with the most important local issues. The ability to comment on our stories is a privilege, not a right, however, and that privilege may be withdrawn if it is abused or misused.
Please report any comments that break our rules.
Read the rules here