Glide acquired by student broadband specialists CableCom

Glide acquired by student broadband specialists CableCom

Birmingham utilities payments company Glide has been acquired by a group specialising in broadband, TV and telephony services for the student and landlord market.

Founded in 2006, by then Birmingham University students Sandeep Krishan and James Villarreal, Glide was the first company to offer multi-tenant billing in shared accommodation.

Glide, which makes sharing bills simple by delivering one monthly bill for all utilities and services, will now become part of CableCom.

The Somerset-based group serves more than 250,000 customers across Europe and the UK, providing internet services to high-density properties used by students.

Glide is now one of the London Stock Exchange’s 1,000 companies to inspire Britain as well as a Fast Track 100 business. The company is set to turn over £20m by December and has more than 70 staff.

James Villarreal, who will now join the CableCom board, said: “This deal represents two massively complimentary companies coming together to create a new way for landlords and letting agents to manage their tenant’s bills.

“For Glide, having that extended reach into the student property market thanks to CableCom, will reinforce us as the market leader with a truly different proposition, helping us make students lives easier and bring down admin costs for landlords and letting agents.”

Together the businesses will service more than 300,000 student homes and student tenants who are Glide customers will also be able to gain access to CableCom’s award-winning broadband package.

Mark Burchfield, managing director of Somerset-based CableCom, said: “This acquisition means students can tap into a shared knowledge and expertise, making their life simple and allowing them to concentrate on the things that matter. It also allows landlords greater visibility of tenants’ bills.”