Vanco
Encyclopedia
Vanco Group Limited is a British
telecommunication
s 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 offer services in 230 countries and territories in the world, and currently manage networks for clients in 161 countries. Vanco Group Limited was previously part of the Vanco plc group, but was acquired by Reliance Globalcom, part of the Reliance Anil Dhirubhai Ambani Group
(AReliance ADA Group) on May 27, 2008.
Notes:
United Kingdom
The United Kingdom of Great Britain and Northern IrelandIn the United Kingdom and Dependencies, other languages have been officially recognised as legitimate autochthonous languages under the European Charter for Regional or Minority Languages...
telecommunication
Telecommunication
Telecommunication is the transmission of information over significant distances to communicate. In earlier times, telecommunications involved the use of visual signals, such as beacons, smoke signals, semaphore telegraphs, signal flags, and optical heliographs, or audio messages via coded...
s company. It is a Virtual Network Operator
Virtual Network Operator
A Virtual Network Operator is a provider of management services and a reseller of network services from other telecommunications suppliers that does not own the telecommunication infrastructure. These network providers are categorized as virtual because they provide network services to customers...
, 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)
Value network
A value network is a business analysis perspective that describes social and technical resources within and between businesses. The nodes in a value network represent people . The nodes are connected by interactions that represent tangible and intangible deliverables. These deliverables take the...
, where the 'value-add' is the design, provision, and management of multiple third-party networks for customers. They offer services in 230 countries and territories in the world, and currently manage networks for clients in 161 countries. Vanco Group Limited was previously part of the Vanco plc group, but was acquired by Reliance Globalcom, part of the Reliance Anil Dhirubhai Ambani Group
Reliance Anil Dhirubhai Ambani Group
Reliance Anil Dhirubhai Ambani Group is one of India's largest conglomerates, headquartered in Navi Mumbai, India. The company, which was formed after Dhirubhai Ambani's business empire was divided up, is headed by his younger son Anil Ambani. It has a market capitalization of US$ 15 billion,...
(AReliance ADA Group) on May 27, 2008.
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 Switzerland AG 1 | Switzerland |
| Vanco (Jersey) Limited 2 | Jersey |
| Vanco (Shanghai) Co., Ltd 3 | China |
| Vanco Benelux BV | Holland |
| Vanco Japan K.K. | Japan |
Notes:
- 1 - incorporated 6 April 2005
- 2 - incorporated 22 September 2005
- 3 - incorporated 1 September 2005
History of Vanco
- 1988 - Vanco exists as an unsuccessful data services company. It is purchased by 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 LondonLondonLondon is the capital city of :England and the :United Kingdom, the largest metropolitan area in the United Kingdom, and the largest urban zone in the European Union by most measures. Located on the River Thames, London has been a major settlement for two millennia, its history going back to its...
.
- 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.
- 1993 - The first non-UK office is established in MadridMadridMadrid is the capital and largest city of Spain. The population of the city is roughly 3.3 million and the entire population of the Madrid metropolitan area is calculated to be 6.271 million. It is the third largest city in the European Union, after London and Berlin, and its metropolitan...
, SpainSpainSpain , officially the Kingdom of Spain languages]] under the European Charter for Regional or Minority Languages. In each of these, Spain's official name is as follows:;;;;;;), is a country and member state of the European Union located in southwestern Europe on the Iberian Peninsula...
.
- 1994 - Vanco opens an office up in AmsterdamAmsterdamAmsterdam is the largest city and the capital of the Netherlands. The current position of Amsterdam as capital city of the Kingdom of the Netherlands is governed by the constitution of August 24, 1815 and its successors. Amsterdam has a population of 783,364 within city limits, an urban population...
, NetherlandsNetherlandsThe Netherlands is a constituent country of the Kingdom of the Netherlands, located mainly in North-West Europe and with several islands in the Caribbean. Mainland Netherlands borders the North Sea to the north and west, Belgium to the south, and Germany to the east, and shares maritime borders...
.
- 1995 - Vanco opens an office up in GermanyGermanyGermany , officially the Federal Republic of Germany , is a federal parliamentary republic in Europe. The country consists of 16 states while the capital and largest city is Berlin. Germany covers an area of 357,021 km2 and has a largely temperate seasonal climate...
. Vanco adopts CiscoCiscoCisco may refer to:Companies:*Cisco Systems, a computer networking company* Certis CISCO, corporatised entity of the former Commercial and Industrial Security Corporation in Singapore...
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 IsleworthIsleworthIsleworth is a small town of Saxon origin sited within the London Borough of Hounslow in west London, England. It lies immediately east of the town of Hounslow and west of the River Thames and its tributary the River Crane. Isleworth's original area of settlement, alongside the Thames, is known as...
, MiddlesexMiddlesexMiddlesex is one of the historic counties of England and the second smallest by area. The low-lying county contained the wealthy and politically independent City of London on its southern boundary and was dominated by it from a very early time...
, EnglandEnglandEngland is a country that is part of the United Kingdom. It shares land borders with Scotland to the north and Wales to the west; the Irish Sea is to the north west, the Celtic Sea to the south west, with the North Sea to the east and the English Channel to the south separating it from continental...
.
- 1997 - Vanco establishes an e-Business division, as well as an office in New YorkNew YorkNew York is a state in the Northeastern region of the United States. It is the nation's third most populous state. New York is bordered by New Jersey and Pennsylvania to the south, and by Connecticut, Massachusetts and Vermont to the east...
in the United StatesUnited StatesThe United States of America is a federal constitutional republic comprising fifty states and a federal district...
. Vanco is voted Wide Area NetworkWide area networkA wide area network is a telecommunication network that covers a broad area . Business and government entities utilize WANs to relay data among employees, clients, buyers, and suppliers from various geographical locations...
OutsourcerOutsourcingOutsourcing is the process of contracting a business function to someone else.-Overview:The term outsourcing is used inconsistently but usually involves the contracting out of a business function - commonly one previously performed in-house - to an external provider...
of the Year by the National Outsourcing AssociationNational outsourcing associationThe National Outsourcing Association was founded in the United Kingdom in 1987 by Martyn Hart. The organisation was the first European association to promote effective outsourcing and it is the parent of the federal European outsourcing association....
.
- 1998/1999 - Vanco is recognized as one of the fastest growing companies in the UK, and is included in the Deloitte & ToucheDeloitte Touche TohmatsuDeloitte Touche Tohmatsu Limited , commonly referred to as Deloitte, is one of the Big Four accountancy firms along with PricewaterhouseCoopers , Ernst & Young, and KPMG....
"Hot 100" (http://www.vanco.com/CMAN/2D302D2329). 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 NOANoa-Name:*Noa is a popular traditional Hawaiian name, meaning "free" and "freedom". *Noa , is the most popular feminine Hebrew name, derived from a root that means "movement". Noa is a biblical name; she was one of the Daughters of Zelophehad...
.
- 2000 - Vanco sees record profits of £2.9 million and earns a place amongst the Hot 500 Global growth IT companies. Vanco is also voted as Network Outsourcer of the Year at the Network Industry Awards.
- 2001 - Vanco is successfully listed on the main market of the London Stock ExchangeLondon Stock ExchangeThe London Stock Exchange is a stock exchange located in the City of London within the United Kingdom. , the Exchange had a market capitalisation of US$3.7495 trillion, making it the fourth-largest stock exchange in the world by this measurement...
. 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 TimesThe Sunday Times (UK)The Sunday Times is a Sunday broadsheet newspaper, distributed in the United Kingdom. The Sunday Times is published by Times Newspapers Ltd, a subsidiary of News International, which is in turn owned by News Corporation. Times Newspapers also owns The Times, but the two papers were founded...
as one of the top 100 fastest growing profitable companies in the UK. Vanco is also voted as European Communications Service Provider of the Year at the ISPInstitute of Sales PromotionThe Institute of Sales Promotion is an organisation in the UK that represents brand owners, agencies and service partners engaged in promotional marketing. Formed in 1933, it was established as the ISP in 1979 and provides professional diplomas and certificates, best-practice guidelines and...
Awards.
- 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. 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.
- 2003 - Vanco increases the number of countries with managed solutions to 83. Vanco is recognized as "Outsourcer of the Year" by Computing and "Service Provider of the Year" by the Networking Industry Awards. 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 MPLSMultiprotocol Label SwitchingMultiprotocol Label Switching is a mechanism in high-performance telecommunications networks that directs data from one network node to the next based on short path labels rather than long network addresses, avoiding complex lookups in a routing table. The labels identify virtual links between...
Matrix solution, 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 - the only VNO amongst four asset-based carriers. Vanco is again voted "Best Service Provider of the Year" at the 2004 Networking Industry Awards, and is listed in the "100 Best Under a Billion" with Forbes magazineForbesForbes is an American publishing and media company. Its flagship publication, the Forbes magazine, is published biweekly. Its primary competitors in the national business magazine category are Fortune, which is also published biweekly, and Business Week...
. For the 2nd year in succession, Vanco is listed in the Deloitte Technology EMEA Fast 500, and in Australia and Asia, Vanco is listed as the year's "MIS Rising Stars 25".
- 2005 - Vanco purchases a telecommunications company named Universal Access that is situated in downtown ChicagoChicagoChicago is the largest city in the US state of Illinois. With nearly 2.7 million residents, it is the most populous city in the Midwestern United States and the third most populous in the US, after New York City and Los Angeles...
, IllinoisIllinoisIllinois is the fifth-most populous state of the United States of America, and is often noted for being a microcosm of the entire country. With Chicago in the northeast, small industrial cities and great agricultural productivity in central and northern Illinois, and natural resources like coal,...
in the United StatesUnited StatesThe United States of America is a federal constitutional republic comprising fifty states and a federal district...
. Universal Access had undergone a bankruptcyBankruptcyBankruptcy is a legal status of an insolvent person or an organisation, that is, one that cannot repay the debts owed to creditors. In most jurisdictions bankruptcy is imposed by a court order, often initiated by the debtor....
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 1Data link layerThe data link layer is layer 2 of the seven-layer OSI model of computer networking. It corresponds to, or is part of the link layer of the TCP/IP reference model....
and layer 3Data link layerThe data link layer is layer 2 of the seven-layer OSI model of computer networking. It corresponds to, or is part of the link layer of the TCP/IP reference model....
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". NetDirect also allows a user to "more easily design and build out... physical network based upon... network development strategy. 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".
- May, 2008 - Vanco announces the abrupt and immediate resignation of the founder and CEO, Allen Timpany. Vanco plc's shares are suspended for trading on the London Stock Exchange while the company's financial information was being assessed. Vanco's board made the temporary appointment of Andrew Coppel as the Chief Restructuring Officer. Recent announcements include Vanco being purchased by India-based Reliance CommunicationsReliance CommunicationsReliance Communications Ltd. is an Indian broadband and telecommunications company headquartered in Navi Mumbai, India. RCOM is the world's 16th largest mobile phone operator with over 144 million subscribers. Established on 2004, a subsidiary of the Reliance Group...
.
- May, 2008 - Vanco Group Limited and all of the operating subsidiaries are acquired by Reliance Globalcom, part of the Reliance Anil Dhirubhai Ambani GroupReliance Anil Dhirubhai Ambani GroupReliance Anil Dhirubhai Ambani Group is one of India's largest conglomerates, headquartered in Navi Mumbai, India. The company, which was formed after Dhirubhai Ambani's business empire was divided up, is headed by his younger son Anil Ambani. It has a market capitalization of US$ 15 billion,...
(Reliance ADA Group).
Financial performance
| Year ended | Turnover (£m) | Profit/(loss) before tax (£m) | Net profit/(loss) (£m) | Basic eps Earnings per share Earnings per share is the amount of earnings per each outstanding share of a company's stock.In the United States, the Financial Accounting Standards Board requires companies' income statements to report EPS for each of the major categories of the income statement: continuing operations,... (p) |
|---|---|---|---|---|
| 31 January 2006 | 104.0 | 11.032 | 7.506 | 13.30 |
| 31 January 2005 | 146.6 | 8.538 | 5.915 | 10.99 |