Vanco
From Wikipedia, the free encyclopedia
| Vanco PLC | |
|---|---|
 |
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| Type | Public (LSE: VAN) |
| Founded | 1988 |
| Headquarters | Isleworth, Middlesex |
| Key people | CEO - Mark Thompson Non-exec Chairman - Prof Dr Thomas Wolf |
| Industry | Telecommunications |
| Products | Retail and Wholesale local, national and international telecommunications services, Broadband and internet products and services, IT and Network Solutions |
| Revenue | £231 million GBP (2005) |
| Employees | 750 |
| Subsidiaries | (see list below) |
| Website | www.vanco.co.uk |
Vanco plc is a British telecommunications company. It is a Virtual Network Operator, owning no network infrastructure itself, but providing management services and reselling network from other telecommunications suppliers. It can also be described as a VANS (Value-Added Network Supplier), where the 'value-add' is the design, provision, and management of multiple third-party networks for customers. They operate and offer service in 230 countries and territories in the world, as well as manage networks for clients in 152 countries. Vanco has currently had its shares suspended pending a financial review which may lead to substantial restatement of its current and prior years accounts.[1]. It was taken over by the Indian company, Reliance Anil Dhirubhai Ambani Group (ADAG) on May 27th, 2008.[2]
Contents |
[edit] Businesses
Vanco Group Limited is organized into the following subsidiary undertakings:
| Name of subsidiary | Location |
|---|---|
| Vanco UK Limited | England |
| Vanco International Limited | England |
| Vanco Consulting Limited | England |
| Vanco Global Limited | England |
| Vanco ROW Limited | England |
| Vanco e-Business Limited | England |
| Vanco GmbH | Germany |
| Vanco Deutschland GmbH | Germany |
| Vanco SAS | France |
| Vanco BV | Holland |
| Vanco Euronet Srl | Italy |
| Vanco Euronet EpE | Greece |
| Vanco ApS | Denmark |
| Vanco Euronet Sro | Czech Republic |
| Vanco Asia Pacific Pte Limited | Singapore |
| Vanco US LLC | United States |
| Vanco Australasia Pty Limited | Australia |
| Vanco NV | Belgium |
| Vanco Sweden AB | Sweden |
| Vanco South America Ltda | Brazil |
| Vanco Euronet Sp Zoo | Poland |
| Vanco Direct USA LLC 1 | United States |
| Vanco Switzerland AG 2 | Switzerland |
| Vanco (Jersey) Limited 3 | Jersey |
| Vanco (Shanghai) Co., Ltd 4 | China |
| Vanco Benelux BV | Holland |
Notes:
- 1 - incorporated 3 February 2005
- 2 - incorporated 6 April 2005
- 3 - incorporated 22 September 2005
- 4 - incorporated 1 September 2005
[edit] History of Vanco
- 1988 - Vanco exists as an unsuccessful data services company. It is purchased by the current CEO, Allen Timpany, for £1 with the intention of taking advantage of the newly de-regulated telecommunications market.
- 1989 - Vanco no longer operates within bureau services and, instead, begins operation in the provisioning of managed data networks. Their first client is Leamington Spa Building Society in London.
- 1990 - Significant new clients help a turnover of £2 million for Vanco to move out of debt and plan a major re-investment for future growth.
- 1991/1992 - Vanco carries out the migration of its backbone from X25 and TDM to a single operating system that results in a great cost savings for the company and its clients.
- 1994 - Vanco opens an office up in Amsterdam, Netherlands.
- 1995 - Vanco opens an office up in Germany. Vanco adopts Cisco as the network industry equipment standard.
- 1996 - Vanco reports profits in excess of £1 million for the first time in the history of the company, on turnover of over £8 million. Company headquarters are relocated to new offices in Isleworth, Middlesex, England.
- 1997 - Vanco establishes an e-Business division, as well as an office in New York in the United States. Vanco is voted Wide Area Network Outsourcer of the Year by the National Outsourcing Association [3].
- 1998/1999 - Vanco is recognized as one of the fastest growing companies in the UK, and is included in the Deloitte & Touche "Hot 100" ([1]). Vanco also establishes its e-Security division and moves its operations outside the continental Europe into North Africa and Asia Pacific, and introduces zero-downtime Cascade technology into its network backbone. Vanco is once again voted Wide Area Network Outsourcer of the Year by the NOA [4].
- 2000 - Vanco sees record profits of £2.9 million and earns a place amongst the Hot 500 Global growth IT companies [5]. Vanco is also voted as Network Outsourcer of the Year at the Network Industry Awards [6].
- 2001 - Vanco is successfully listed on the main market of the London Stock Exchange. Significant client listings contribute to another year of financial growth, with revenue up 43.6% and profits up to £3.1 million. Vanco is recognized by the Sunday Times as one of the top 100 fastest growing profitable companies in the UK [7]. Vanco is also voted as European Communications Service Provider of the Year at the ISP Awards [8].
- 2002 - Vanco confirms a 15-year record of uninterrupted revenue growth. Turnover is up 43% while contracted revenue was up 93.3% to £132 million. Vanco sees significant (30% increase) investment in staff recruitment and development, as well as the launch of v:choice, the world's first global flexible benefits scheme [9][10]. Global service availability is extended to 230 countries and territories, and new customer service initiatives include O-zone, which Vanco claimed to be the industry's most advanced online network services portal [11][12].
- 2003 - Vanco increases the number of countries with managed solutions to 83. Vanco is recognized as "Outsourcer of the Year" by Computing [13][14][15] and "Service Provider of the Year" by the Networking Industry Awards [16][17]. The World Communication Awards highly commends Vanco's customer service. Profit is reported up 490% to £5.5 million, with turnover up 45.5% to £76.8 million. Vanco also releases its MPLS Matrix solution [18], enabling multi-carrier networks based on MPLS to be managed as a single entity.
- 2004 - Financial results represent the 17th consecutive year of strong profitable growth, with turnover up 35.4% to £104 million, and operating profit up by 99.8% to £11.1 million. Vanco now has customers in 142 countries globally. Vanco is placed on the Leader's Quadrant of the Gartner Magic Quadrant for Network Service Providers in Europe [19][20] - the only VNO amongst four asset-based carriers. Vanco is again voted "Best Service Provider of the Year" at the 2004 Networking Industry Awards [21][22], and is listed in the "100 Best Under a Billion" with Forbes magazine [23][24]. For the 2nd year in succession, Vanco is listed in the Deloitte Technology EMEA Fast 500 [25][26], and in Australia and Asia, Vanco is listed as the year's "MIS Rising Stars 25" [27][28].
- 2005 - Vanco purchases a telecommunications company named Universal Access that is situated in downtown Chicago, Illinois in the United States [29]. Universal Access had undergone a bankruptcy in early 2005 and had started to liquidate its assets and was unable to continue because of its debt load. With the purchase of Universal Access, Vanco gains the opportunity of working with layer 1 and layer 3 access within the United States, as well as further expanding its presence in the United States.
- October, 2006 - Vanco announces the release of Vanco NetDirect, an online portal that enables a user to "design, build and sell national and international network solutions for... enterprise customers in extended geographies, outside of... physical network footprint, using a range of technology solutions" [30]. NetDirect also allows a user to "more easily design and build out... physical network based upon... network development strategy. [31]. NetDirect is described as "a network infrastructure of MPLS, DIA/DSL and Private Line services across the US and in over 200 countries globally... created using asset based carriers... to create... network designs and find near real-time pricing and turn-key fulfilment for Private Line, MPLS and DIA solutions" [32].
- May, 2008 - Vanco announces the resignation of the founder and CEO, Allen Timpany, as well as the appointment of Andrew Coppel as the Chief Restructuring Officer by the board. Vanco's shares are suspended for trading on the London Stock Exchange while the financial information is being assessed[33]. Recent announcements include Vanco being purchased by India-based Reliance Communications. [34]
[edit] Financial performance
| Year ended | Turnover (£m) | Profit/(loss) before tax (£m) | Net profit/(loss) (£m) | Basic eps (p) |
|---|---|---|---|---|
| 31 January 2006 | 104.0 | 11.032 | 7.506 | 13.30 |
| 31 January 2005 | 146.6 | 8.538 | 5.915 | 10.99 |
[edit] Data
[edit] References
- ^ Vanco shares suspended as doubts raised over financing - Telegraph
- ^ Reliance wins race to purchase Vanco - Telegraph
- ^ Industry success for Vanco, the pioneering Virtual Network Operator (VNO)
- ^ Industry success for Vanco, the pioneering Virtual Network Operator (VNO)
- ^ Industry success for Vanco, the pioneering Virtual Network Operator (VNO)
- ^ Industry success for Vanco, the pioneering Virtual Network Operator (VNO)
- ^ Industry success for Vanco, the pioneering Virtual Network Operator (VNO)
- ^ Industry success for Vanco, the pioneering Virtual Network Operator (VNO)
- ^ UB goes virtual
- ^ Industry success for Vanco, the pioneering Virtual Network Operator (VNO)
- ^ UB goes virtual
- ^ Industry success for Vanco, the pioneering Virtual Network Operator (VNO)
- ^ Computer news, information technology blogs and jobs at Computing – hardware software security internet communications
- ^ Industry success for Vanco, the pioneering Virtual Network Operator (VNO)
- ^ Vanco - Press Releases 2003
- ^ Industry success for Vanco, the pioneering Virtual Network Operator (VNO)
- ^ Vanco - Press Releases 2003
- ^ Vanco - Press Releases 2003
- ^ Industry success for Vanco, the pioneering Virtual Network Operator (VNO)
- ^ Vanco - Press Releases 2004
- ^ Industry success for Vanco, the pioneering Virtual Network Operator (VNO)
- ^ Vanco - Press Releases 2004
- ^ Industry success for Vanco, the pioneering Virtual Network Operator (VNO)
- ^ Vanco - Press Releases 2004
- ^ Industry success for Vanco, the pioneering Virtual Network Operator (VNO)
- ^ Vanco - Press Releases 2004
- ^ Industry success for Vanco, the pioneering Virtual Network Operator (VNO)
- ^ Vanco - Press Releases 2004
- ^ Vanco - Press Releases 2005
- ^ http://direct.vanconetdirect.com/portal/page/portal/Vanco
- ^ http://direct.vanconetdirect.com/portal/page/portal/Vanco
- ^ http://direct.vanconetdirect.com/portal/page/portal/Vanco
- ^ Vanco’s race ace spins out of control - Times Online
- ^ Reliance wins race to purchase Vanco - Telegraph
