Pennsylvania-based cloud computing business Evolve IP has snapped up UK UCaaS provider thevoicefactory for an undisclosed sum. The deal bolsters the US firm's distribution channels in the UK and Europe, adds a decent client base and provides deeper penetration into the hospitality, automotive, finance and legal verticals.
The acquisition also bolts on office locations in Cardiff, Fordingbridge and Florida, as well as data centres in the UK and United States.
thevoicefactory began its commercial life in 2009 and has more than 65,000 users in 21 countries. Its 35 resellers now have access to Evolve IP's intellectual property and service delivery capabilities including web-based call management, an omnichannel contact centre, single-sign-on identity and access management, and a global team of custom application developers.
"Based on the same blue-chip BroadSoft platform as Evolve IP, thevoicefactory shares a common architecture and framework that will help ensure the rapid adoption of new features and capabilities for existing and new clients," stated Guy Fardone, CEO and founding partner of Evolve IP.
"Combining Evolve IP's intellectual property and OneCloud capabilities with thevoicefactory's reseller channel will help us expand into new markets faster and provide growth opportunities for our cloud services."
thevoicefactory CEO Paul Harrison added: "Evolve IP has developed significant intellectual property and a service delivery platform that will benefit our partners and their clients. We're looking forward to contributing to Evolve IP's international growth."
According to Elka Popova, VP and Senior Fellow of Digital Transformation at Frost & Sullivan, the deal provides Evolve IP with a springboard to significant growth.
"The acquisition has the company well positioned to capitalise on the considerable opportunities in the rapidly growing cloud PBX and UCaaS market," she said.
Evolve IP provides cloud solutions to over 1,500 enterprises and more than 410,000 users.
Thevoicefactory was advised by Knight Corporate Finance.
most popular industry news
'Examples of success in the industry are typically male. As an industry we need to address this imbalance, to share and embrace a different success model that women can bring. The question is - how do we break the mould?'
Elsa Chen, CEO, Entanet