Soluno acquires cloud telephony division from NetNordic
STOCKHOLM, Sweden, Jan. 13, 2021 /PRNewswire/ -- The agreement reflects both companies' ambition to be leaders within their core businesses, which also means consolidating the markets.
"We're honored to welcome associates and customers from NetNordic to our business," says Mattias Ohde, CEO Soluno Sweden. "It's a fantastic opportunity to leverage the skills and talents of this team, honor their legacy, and strengthen our footprint."
Soluno will leverage NetNordic's excellent cross-border expertise to its increasingly international customer base and benefit from the senior experience in sales, support, and product.
"It is a natural move for both companies," says Fredrik Rosman, CEO NetNordic Sweden AB. "NetNordic's ambition is to be a market leader within the business areas in which we are active. The UCaaS market is getting consolidated, and the opportunity for a leading role is limited. Soluno is a market leader in Cloud Telephony, and we believe that Soluno is a great owner long term for this division, for both customers and employees."
Both companies assure he customers that nothing will change in the short term and that Soluno will communicate any future changes with good foresight.
"Soluno's growth and innovation strategy includes both organic growth and an M&A strategy. The consolidation pace has accelerated fast during the last couple of years, and we are likely to see most of the smaller providers getting acquired by the leading 20 in Europe," says Mattias Ohde, CEO of Soluno Sweden.
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