TPx Managed SD-WAN Recognized for Exceptional Innovation with 2024 INTERNET TELEPHONY SD-WAN Product of the Year Award
TPx Managed SD-WAN helps businesses adopt next-gen networks and take full ...
News
1 min read
VozTelecom announces the purchase by its parent Gamma Communications of the leading German operator in IP telephony services, HFO Holding AG
3 Jul, 2020
July 2, 2020 - VozTelecom announces that its parent company Gamma Communications plc (“Gamma”), a leading technology company and provider of communications services for companies in the UK, Netherlands and Spain markets, has announced the acquisition of 80% of the capital of HFO Holding AG (“HFO”) on July 1, 2020 (with an option to acquire the remaining 20% over the next three years). HFO is one of the leading 'SIP Trunk' providers in Germany with an excellent reputation for the quality of its products and the service provided to its customers. It develops its strategy through its specialization in IP voice services and in the development of the business communications market and has recently started the commercialization of 'Cloud PBX' services ( Cloud PBX ) through its extensive network of partners. channel throughout the German market. As part of its stated European expansion strategy, Gamma had previously identified Germany as a key geographic target . With a global market of 36 million extensions in PBX PBXs (almost double the size of the UK market) but with a penetration of only 6% of these in cloud PBXs (one of the lowest rates in Western Europe ), the German cloud telephony market is forecast to grow rapidly. Gamma believes that it can use its commercial strength and expertise in developing and marketing its market leading Cloud PBX solutions through the channel to accelerate HFO growth in the emerging cloud PBX market in Germany. In the UK, Gamma has been able to turn its relevant position in 'SIP Trunk' into one of leadership in the 'Cloud PBX' market. The Gamma team will work with the experienced HFO management team to replicate its successful model in Germany. Like Gamma, HFO markets its services primarily through a network of resellers, wholesalers, and distributors, as well as directly to the end customer.
READ COMPLETE PRESS RELEASE
