The Elite Comms Group, set up in Douglas late last month, has made its first acquisition.
The company, based in Athol Street, has bought out Manx-based hosting and ISP Wi-Manx.
Wi-Manx, which was founded in 2004, is a datacentre, cloud, voice and network solutions provider.
In a statement, Elite says the move will give it a highly skilled technical team as well as a state of the art datacentre – and Wi-Manx customers will gain access to the group’s next generation network.
Elite Comms Group Director Kate Hegarty says the deal is important to the company for strategic reasons – with hosting and network solutions vital for future growth.
Wi-Manx Managing Director Joe Hughes says the deal will deliver business growth, a range of new and innovative services for their customers and enhance their existing portfolio of products, bringing many benefits to the Isle of Man.
Wi-Manx will remain the only wholly Manx owned communications, ISP and datacentre provider operating in the market.