Division looks to double growth in the next two years
Fuel card and telematics giant Radius Payment Solutions has combined its recent telecoms acquisitions under the Radius Connect umbrella as it looks to double its growth in the sector in the next two years.
The combined subscriber base of the three firms is more than 70,000 customers across mobile and fixed-line, according to Radius.
“This is the next step on the Radius journey,” said group managing director for Telecoms Ray Ferris (pictured, second from left). “Radius Connect will be our launch into the cross-sell market, which is the radius fuel customer base but also the large telematics business. We’ve also bought an insurance business and we’re looking at electric vehicles to complement the fuel business we have. We’re straddling a range of verticals with connectivity at the heart of it.”
The three firms will retain their original branding for existing customer bases, but will seek new connections under the Radius Connect name. They will not be moving offices.
Adam Phones, another Radius-owned ISP, will retain its branding and will operate separately from Radius Connect. “Adam Phones has a strong legacy brand within the City and financial market. We don’t want to mess with that recipe too much because it serves that distinct market very well with concierge levels of service,” said Ferris.
Radius is looking to double its current growth through a combination of acquisitions and organic growth.
Radius Connect managing director David Hayward (pictured, first from left) added: “Our approach is based on giving customers access to a wide range of market leading products backed up with independent consultancy, installation services and award-winning customer service.
“From our previous regional success, we now have the backing of a company with a turnover of £2.5 billion, and expanded access to a fabulous product portfolio, which will enable us to accelerate our growth plans for the future both in the UK and internationally. We want to continue what made our customers happy, but across far more areas than we could have delivered in the past.”
Radius has also launched an MVNE service in Belgium for its fuel card customers, with plans to expand into Germany, Italy and Ireland.