VoIP phone maker Snom has been pocketed by VTech, a manufacturer of cordless phones and electronic learning products, in a move that is expected to deliver synergies in hardware and software development, expanded market channels in VoIP telephony along with improvements in operational efficiency, according to VTech Telecommunications President C.H. Tong.
"VoIP is the future of business communication and the industry is now transitioning to a cloud-based Unified Communications environment," he stated. "As a pioneer in this field, Snom is constantly developing new IP technology solutions to meet the needs of businesses worldwide."
Andre Deloch, Chairman of the Supervisory Board of Snom, added: "The combination of VTech and Snom will strengthen the product portfolios of both companies in the VoIP industry."
The transaction is subject to the approval of the relevant regulatory authorities.