Spectrum Interactive taps into marine WiFi market with Ocean Wave acquisition

Spectrum Interactive (AIM: SIN) has acquired the assets of Ocean Wave Europe to deliver high speed wireless internet access to 40 coastal and inland marinas in the UK and Ireland.

Ocean Wave developed into one of Europe’s largest marina WiFi networks since its establishment in 2006, but ran into difficulties in 2009, eventually leading to the sale.

Spectrum completed the network takeover during December 2009 and will provide an estimated 15,000 permanent berth holders and visiting yachtsmen with easy to use WiFi connectivity. Marinas include Premier Marinas, Yacht Havens, Associated British Ports and many independent marinas.

The Spectrum service offers marinas a wide range of WiFi options in design and payment services for the berth holders. Additionally Spectrum has already started offering the marinas a range of new products and marketing opportunities including remote printing, internet desk access and media sales.

“This project takes Spectrum into a new and important market sector, and provides a major opportunity to offer new products and to innovate with marina managers to maximise the existing WiFi network,” said head of the travel division at Spectrum Interactive, Daniel Gray.

The company said it expected to make several further announcements before the spring.  http://www.proactiveinvestors.co.uk/companies/news/12574/spectrum-interactive-taps-into-marine-wifi-market-with-ocean-wave-acquisition-12574.html