AIM-listed Pinnacle Telecom has made an internet protocol (IP) purchase with a deal for IP CCTV.

AIM-listed Pinnacle Telecom has made an internet protocol (IP) purchase with a deal for IP CCTV.

Cloud-based technology services business Pinnacle has acquired the customers and assets of the CCTV surveillance company. Financial details of the deal were undisclosed.

According to a statement Pinnacle says that the acquisition will enable it to offer the services provided by IP CCTV at a much more cost efficient level.

Additionally Pinnacle expects the deal to enhance its ability in future customer bid processes.

IP is having a significant impact on many aspects of business says chief executive of London-based Pinnacle, Alan Bonner.

He adds: ‘This [deal] provides us with an opportunity to leverage our existing network and our expertise as an ISP and Public Telecom Operator, by supplying not only circuits to the end customers whose premises are monitored, but also to the alarm receiving centre’s who monitor the sites.’

Under the terms of the deal ‘key members’ of the acquired business will remain and transfer to Pinnacle.

Bonner says that although the purchased business is currently focusing on providing products for the security industry through CCTV installers, the technology is compatible with mainstream markets.

The buy is part of Pinnacles strategy to expand the company through bolt-on deals with specific emphasis to IP based services.

The cloud technology business recently provided the supply network connectivity for the Royal Wedding between Prince William and Kate Middleton as part of the international news networks coverage.

Another recent contract for Pinnacle was for June’s Glastonbury Festival.

For the six months ended 31 March 2011 Pinnacle recorded turnover of £3.82 million and EBITDA of £89,673.