M247 Overview

  • Year Founded
  • 2000

Year Founded

  • Status
  • Acquired/​Merged

  • Employees
  • 207

Employees

  • Latest Deal Type
  • M&A

  • Financing Rounds
  • 6

  • Investments
  • 2

M247 General Information

Description

Provider of connectivity and internet infrastructure services based in Manchester, England. The company offers wireless and fiber leased lines and metropolitan ethernet networks to business entities in the United Kingdom along with services that include voice over internet protocol, managed hosting and wireless leased data services to support CCTV installations.

Contact Information

Website
www.m247.com
Formerly Known As
Metronet UK, Manchester Metronet Limited, Metronet (UK) Limited, Ensco 904 Limited
Ownership Status
Acquired/Merged
(Operating Subsidiary)
Financing Status
Formerly PE-Backed
Corporate Office
  • Turing House
  • Archway 5
  • Manchester M15 5RL
  • England, United Kingdom
Primary Industry
Other Communications and Networking
Other Industries
Wireless Communications Equipment
Internet Service Providers
Parent Company
Convergence Group
Vertical(s)
TMT
Corporate Office
  • Turing House
  • Archway 5
  • Manchester M15 5RL
  • England, United Kingdom

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M247 Valuation & Funding

Deal Type Date Amount Valuation/
EBITDA
Post-Val Status Debt

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M247 Comparisons

Description
Primary
Industry
HQ Location
Employees
Total Raised
Post Valuation
Last
Financing
Details
Provider of connectivity and internet infrastructure services based in Manchester, England. The company offers wireless
Other Communications and Networking
Manchester, United Kingdom
207 As of 2022

Washington, DC
 

Exeter, United Kingdom
 
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M247 Competitors (23)

One of M247’s 23 competitors is Cogent Communications, a Formerly VC-backed company based in Washington, DC.

Company Name Financing Status Location Employees Total Raised Last Financing Date/Type Last Financing Amount
Cogent Communications Formerly VC-backed Washington, DC
SPARK TSL Corporate Backed or Acquired Exeter, United Kingdom
Telstra Group Corporation Melbourne, Australia
TalkTalk Business Private Equity-Backed Manchester, United Kingdom
Vaioni Private Equity-Backed Salford, United Kingdom
You’re viewing 5 of 23 competitors. Get the full list »

M247 Signals

Growth Rate

Weekly
Growth
Weekly Growth

Size Multiple

Median
Size Multiple

Key Data Points

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M247 Former Investors

Investor Name Investor Type Holding Investor Since Participating Rounds Contact Info

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M247 Investments (2)

M247’s most recent deal was a Buyout/LBO with Venus Business Communications. The deal was made on 07-Mar-2017.

Company Name Deal Date Deal Type Deal Size Industry Lead Partner
Venus Business Communications 07-Mar-2017 Buyout/LBO Other Communications and Networking
M247 (Acquired) 12-Oct-2016 Buyout/LBO IT Consulting and Outsourcing
To view M247’s complete investments history, request access »

M247 FAQs

  • When was M247 founded?

    M247 was founded in 2000.

  • Where is M247 headquartered?

    M247 is headquartered in Manchester, United Kingdom.

  • What is the size of M247?

    M247 has 207 total employees.

  • What industry is M247 in?

    M247’s primary industry is Other Communications and Networking.

  • Is M247 a private or public company?

    M247 is a Private company.

  • What is M247’s current revenue?

    The current revenue for M247 is .

  • Who are M247’s investors?

    Ares Management, LDC, Livingbridge, Seneca Partners (Haydock), and YFM Equity Partners have invested in M247.

  • Who are M247’s competitors?

    Cogent Communications, SPARK TSL, Telstra Group, TalkTalk Business, and Vaioni are some of the 23 competitors of M247.

  • When was M247 acquired?

    M247 was acquired on 11-Jun-2025.

  • Who acquired M247?

    M247 was acquired by Convergence Group.

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