Manx Telecom has launched Vannin Ventures, a new standalone business established to support the company’s long term growth strategy.
Manx Telecom chief executive officer, Gary Lamb, said: ‘Vannin Ventures is a new business, wholly owned by Manx Telecom.
‘Its purpose is to identify new and promising business opportunities in the telecoms and technology sectors, acting as an incubator to bring innovative products and services to market.
‘There will be an autonomous team behind the new business, who will not only have a new and creative environment to foster original ideas, but will also benefit from the support of its parent company, Manx Telecom.
‘Most importantly, Vannin Ventures will have an entrepreneurial ethos with the flexibility necessary to move quickly and take exciting ideas from inception through to launch.’
Vannin Ventures is led by Tom Meageen and Peter Callow, who both have extensive experience in the communications sector.
In his most recent role, Tom was responsible for setting up and running Manx Telecom’s international business which now forms a significant part of the company’s overall revenue, while Peter also brings a wealth of commercial telecoms business experience.
Tom Meageen said: ‘Vannin Ventures will use technology to bring new products and services to market by providing the perfect incubator environment to help new ideas flourish and grow.
‘The launch of Vannin Ventures is not only great news for Manx Telecom, it’s also positive news for the Isle of Man as it demonstrates the island’s ability to innovate, while creating new jobs in the longer term.’
Find out more at www.vanninventures.com