NEWS
Exertis Raises £125,000 for Mental Health UK, Shifts Focus to Local Charities for FY25
Exertis announced it has raised £125,000 for Mental Health UK, marking the conclusion of its FY24 charity partnership. The funds raised through various employee- led initiatives will be used to support the charity’s mission to improve mental health awareness and support services. Exertis has decided to change its charitable approach for the upcoming financial year. Instead of supporting one national charity, the company’s employees voted to select eight local charities for fundraising support. These organisations include six hospices, a homeless charity, and a teenage cancer charity. The full list of beneficiaries includes St Michael’s Hospice in Basingstoke, East Lancashire Hospice in Burnley, Overgate Hospice in Elland, St Clare Hospice in Harlow, Prospect Hospice for Hypertec, Teens Unite for MTR, The Big Issue in Snetterton, and DougieMac in Stoke. Michaela DeGale, Charity and Volunteering Lead at Exertis UK explained the decision to support multiple local charities: “We are committed to supporting the local communities
around our offices in the UK. This year, we are excited to be supporting smaller, local charities through a variety of fundraising efforts. “Our employees are dedicated to finding innovative ways to fundraise and volunteer, and we believe that by working together, we can make a positive impact on the lives of those around us.” Exertis’s fundraising efforts for Mental Health UK in the past year included a wide range of activities, from golf days and bake sales to raffles, tech sales, and dress-down days. These creative approaches not only raised significant funds but also helped to engage employees in the cause. Rob Harding, Partnerships Manager at Mental Health UK, expressed his gratitude to Exertis, saying, “We really cannot thank the people of Exertis enough for their dedication, passion, and desire to improve the lives of people affected by poor mental health. Thank you so much for having been our charity partner and for continuing to make mental health a priority within Exertis.”
exertis.co.uk
Daisy Group Merges with Wavenet to Create £1bn IT and Cloud Services Entity grew by approximately 27% to £417m in
Daisy Group has announced a significant merger with Wavenet. This strategic move involves separating Daisy Corporate Services (DCS) from Daisy Group and integrating it into Wavenet. The new combined entity, retaining the name Wavenet, is expected to serve over 20,000 UK enterprise customers, including the NHS and Transport for London.* The merger positions the new Wavenet with an estimated value of over £1bn, with Macquarie as the largest individual shareholder. The deal is also supported by debt financing from Ares. Bill Dawson, Wavenet’s executive chairman, will continue to lead the company, while Matthew Riley, founder and chairman of Daisy Group, will take on a non-executive director role. Daisy Group, initially listed on the London public market, became privately owned in 2014 with support from Toscafund Asset Management. The group’s overall revenue
2023, driven by Connectivity and IT services growth. Daisy Group has two divisions: Daisy Corporate Services (DCS), catering to the mid to enterprise market, and its Small to Medium Enterprises (SME) business. One challenge for Daisy Group has been its significant debt balance of £462m, accumulated through a series of acquisitions. Notable purchases include the XLN Group in 2022, cyber security service provider ECSC Group in 2023, and cloud communications provider 4Com for £215m in April 2024. The merger with Wavenet signifies Daisy’s strategic move towards strengthening its position in the IT and cloud services industry. The combined entity aims to leverage Wavenet’s established customer base and expertise in providing advanced IT, communications, and cloud solutions.
Matthew Riley Founder and Chairman
daisygroup.com
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