Soluno acquires part of NetNordic

January 13, 2021 - Soluno, one of the leading European UCaaS suppliers, has acquired the part for cloud-based telephony from the Nordic system integrator NetNordic. The agreement reflects both companies' ambition to be a leader in their core business, which also means consolidating the markets. "We are honored to welcome employees and customers from NetNordic to our business," says Mattias Ohde, CEO of Soluno Sweden. "It is a fantastic opportunity to use this team's skills and talents, honor their heritage and strengthen our imprint." Soluno will leverage NetNordic's excellent cross-border expertise for its growing international customer base and benefit from experience in sales, support and product. "It is a natural step for both companies," says Fredrik Rosman, CEO of NetNordic Sweden AB. “NetNordic's ambition is to be the market leader in the business areas in which we operate. The UCaaS market is being consolidated and the opportunity for a leading role is limited. Soluno is the market leader in Cloud Telephony and we believe that Soluno is a long-term good owner for this division, both for customers and employees.” Both companies assure customers that nothing will change in the short term and that Soluno will communicate any future changes well in advance. “Soluno's growth and innovation strategy includes both organic growth and an M&A strategy. The pace of consolidation has accelerated rapidly in recent years, and we will probably see that most of the smaller suppliers are acquired by the 20 leading players in Europe ", says Mattias Ohde, CEO of Soluno Sweden. Download a free report on the 20 leading players in UCaaS, by Frost & Sullivan, in UCaaS Frost Radar ™ 2020  here . About Soluno Soluno is one of the leading UCaaS providers in Europe with over 200,000 users in the cloud. We drive the future of business communication by offering a mobile-first concept through Wholesalepartners in Europe. For more information about Soluno, visit  www.soluno.se . About NetNordic NetNordic is a Nordic system integrator, specializing in networks, security, data centers and business communications. NetNordic delivers customer-specialized solutions and services. We always strive to be the customers' "best companion" and want to help customers with their digital enabling through the design, delivery and management of the next generation of services and solutions. NetNordic is headquartered in Oslo and had approximately NOK 1.8 billion in revenue (pro forma) in 2019. The company has approximately 460 employees and their solutions are distributed via subsidiaries in Norway, Sweden, Denmark and Finland. Norvestor is the majority owner of NetNordic. Read more at  www.netnordic.com.
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