MDNX

MDNX was a private telecommunications company headquartered in Bracknell and London, United Kingdom. It developed from Solution1, a former Siemens service-group business, and was established by Mark Thompson and Wayne Churchill after they joined Solution1 in 2009. The MDNX brand was launched in 2010, with the company pursuing an acquisition-led strategy aimed at assembling a broad portfolio of communications infrastructure and managed technology services. Within its early period, MDNX acquired Solution1 and its customer base, giving the new business an initial base of enterprise and public-sector relationships. It also acquired the retail division of Viatel, adding fibre-network assets and hosting sites, and acquired CI-Net, which contributed cloud and wireless capabilities. These transactions positioned MDNX as more than a conventional connectivity provider: its offering combined network access with managed communications, hosting, cloud integration and related technology services. The company expanded its portfolio again in August 2012 by acquiring Octium, whose trading names included Griffin and Iconnyx. In March of the same year, MDNX was among 12 companies selected to provide services to the United Kingdom Public Services Network. That contract opportunity reflected the company’s focus on secure and managed connectivity for institutional and enterprise customers, in addition to commercial telecoms activity. A major turning point came in December 2013, when MDNX acquired the entire issued share capital of Easynet from LDC. Easynet was an international provider of managed networking, hosting and cloud-integration services. Following the transaction, the combined business operated under the Easynet name, while Mark Thompson served as chief executive. The combination broadened the business’s international reach and consolidated MDNX’s earlier acquisitions into a larger managed-services platform. MDNX, trading as Easynet, was acquired by Interoute in September 2015. Interoute announced an agreed purchase price of £402 million. This transaction ended MDNX as an independent operating brand in the form described in its standalone company history. Interoute itself was later acquired by GTT Communications in 2018; that transaction was announced at approximately $2.3 billion, or €1.9 billion, and completed on 31 May 2018. MDNX is therefore best understood as a historical telecommunications company whose assets and operations became part of successive managed-networking groups rather than as an active standalone brand.

MDNX originated in the service operations associated with Solution1, a former Siemens service-group company. Mark Thompson and Wayne Churchill joined Solution1 in 2009 and subsequently decided to establish a separate business. MDNX acquired Solution1 and its customer base within months of its formation, providing an initial platform of customers and service capabilities. The MDNX brand was launched in 2010. The company pursued rapid expansion through acquisitions. It bought the retail section of Viatel, obtaining fibre-network assets and hosting sites, and acquired CI-Net, adding cloud and wireless capabilities. These deals helped MDNX assemble a hybrid telecommunications and managed-technology portfolio rather than relying solely on traditional carrier connectivity. In March 2012, MDNX was one of 12 successful bidders for the provision of services to the United Kingdom Public Services Network. The award opportunity strengthened its position in public-sector and secure-networking markets. In August 2012, it acquired Octium, which traded as Griffin and Iconnyx, further enlarging its service operations. The most consequential transaction in MDNX’s independent history occurred in December 2013, when it acquired Easynet from LDC. Easynet provided managed networking, hosting and cloud-integration services internationally. After the acquisition, the combined organization adopted the Easynet name, and MDNX chief executive Mark Thompson continued as its chief executive. The transaction effectively made Easynet the outward-facing identity of the combined business. In September 2015, Interoute agreed to acquire MDNX, trading as Easynet, for £402 million. The deal brought the business into Interoute and ended the standalone phase of the MDNX brand. Interoute was subsequently acquired by GTT Communications in a transaction announced at approximately $2.3 billion (€1.9 billion); completion took place on 31 May 2018. MDNX’s history is consequently defined by its 2010 launch, rapid acquisition of complementary network and technology assets, the 2013 Easynet combination, and its eventual absorption into larger telecommunications groups.

1. 2018Interoute acquired by GTT Communications

   GTT Communications completed its acquisition of Interoute, the parent of MDNX’s successor business, on 31 May 2018.

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2. 2015Interoute acquisition agreement

   Interoute agreed to acquire MDNX, trading as Easynet, for £402 million.

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3. 2013Easynet acquisition

   MDNX acquired Easynet from LDC, and the combined company subsequently operated under the Easynet name.

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4. 2012Selected for the UK Public Services Network

   MDNX became one of 12 successful bidders for services connected with the United Kingdom Public Services Network.

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5. 2012Octium acquisition

   MDNX acquired Octium, including its Griffin and Iconnyx trading operations.

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6. 2010MDNX brand launches

   The new telecommunications business launched under the MDNX brand after acquiring Solution1 and its customer base.

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7. 2009Founders leave Solution1 to establish MDNX

   Mark Thompson and Wayne Churchill, who had joined the former Siemens service-group company Solution1, decided to create MDNX.

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MDNX positioned itself as an acquisition-led managed telecommunications and IT-services provider, combining connectivity infrastructure with hosting, cloud, wireless and network-management capabilities for enterprise and public-sector customers.

• Managed networkingTelecommunications services

  Managed networking was central to MDNX’s proposition. The company combined connectivity assets acquired from earlier businesses with network-management capabilities intended for enterprise and institutional customers. Its later combination with Easynet expanded this area into an international managed-networking platform.

• Hosting servicesHosting and infrastructure services

  MDNX operated hosting capabilities, including hosting sites obtained through the acquisition of Viatel’s retail section. Hosting became part of the broader infrastructure portfolio that was later combined with Easynet’s managed hosting and cloud-integration activities.

• Cloud integrationCloud services

  The acquisition of CI-Net gave MDNX cloud-related capability. Cloud integration was subsequently aligned with the company’s connectivity, hosting and managed-services activities, supporting a broader enterprise technology proposition.

• Fibre and wireless connectivityNetwork connectivity

  MDNX expanded its connectivity base through fibre-network assets obtained from Viatel’s retail operation and wireless capability associated with CI-Net. These assets supported its managed communications and enterprise-networking activities.

• 2015Sell MDNX to InterouteM&A

  The MDNX business was operating as Easynet after its 2013 combination with the international managed-services provider.

  What changed. Interoute agreed to acquire MDNX, trading as Easynet, in September 2015.

  Aftermath. MDNX ceased to operate as an independent company, with its business becoming part of Interoute.

  Announced acquisition value. £402 million (September 2015)

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• 2013Acquire Easynet and combine under the Easynet nameM&A

  MDNX sought greater scale and international managed-services capability.

  What changed. MDNX acquired the entire issued share capital of Easynet from LDC in December 2013. The combined business adopted the Easynet name.

  Aftermath. Easynet became the principal identity of the combined business, with Mark Thompson serving as chief executive.

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• 2012Acquire OctiumM&A

  MDNX was expanding its telecommunications portfolio and sought additional operating capabilities.

  What changed. It acquired Octium, which traded under the Griffin and Iconnyx names.

  Aftermath. The transaction added Octium’s operations to the MDNX group.

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• 2010Adopt an acquisition-led telecommunications strategyStrategy

  After emerging from the Solution1 service-group business, MDNX sought to build scale and broaden its capabilities through acquisitions.

  What changed. The company acquired Solution1 and its customer base, followed by the retail section of Viatel and CI-Net, adding customers, fibre, hosting, cloud and wireless capabilities.

  Aftermath. The acquisitions established MDNX as a broader managed telecommunications and technology-services provider.

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• 2018GTT Communications completes acquisition of Interoute

  GTT Communications completed its acquisition of Interoute on 31 May 2018, following an announced transaction value of approximately $2.3 billion (€1.9 billion).

  M&A
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• 2015Interoute agrees to acquire MDNX trading as Easynet

  Interoute announced an agreement to acquire MDNX, then operating as Easynet, for £402 million. The acquisition removed MDNX from independent ownership.

  M&A
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• 2013MDNX acquires Easynet

  MDNX acquired all issued share capital of Easynet from LDC. The combined business subsequently operated under the Easynet name.

  M&A
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• 2012MDNX selected among providers for the UK Public Services Network

  MDNX was one of 12 companies that successfully bid to provide services to the United Kingdom Public Services Network.

  Other
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• 2012MDNX acquires Octium

  MDNX acquired Octium, which traded under the Griffin and Iconnyx names, expanding its telecommunications and related service portfolio.

  M&A
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1. MDNX