London-based unified communications firm TelcoSwitch has secured a substantial investment to fund the acquisition of SureVoIP, its third in just seven months.
As part of this deal, TelcoSwitch will gain an Aberdeen office, its third regional office in the UK, and will incorporate the SureVoIP team into the wider TelcoSwitch Group, broadening the company’s presence in northern UK regions.
Founder and managing director at SureVoIP, Gavin Henry, will also join the TelcoSwitch Group as its newly appointed chief information officer.
TelcoSwitch specialises in unified communications and enables organisations to communicate and collaborate using software that delivers voice, video, group conferencing, messaging, call recording and compliance solutions – all delivered through innovative monthly subscription models.
This investment from BOOST&Co will support the acquisition of SureVoIP, which will enhance TelcoSwitch’s status as an enterprise network carrier, while also increasing the firm’s resilience via data centres in London and Edinburgh.
The deal will also add valuable intellectual property to the TelcoSwitch portfolio, increasing the firm’s opportunity to provide more residential-based services as the UK moves towards the switch off of all public switched telephone networks by 2025.
Paul Landsman, chief financial officer at TelcoSwitch, said: “Having previously worked with the BOOST&Co team, it is great to continue this partnership via their support for the acquisition of SureVoIP.
“This deal presents a great opportunity for us to enhance the TelcoSwitch offering, by strengthening our intellectual property portfolio and adding valuable expertise for the small office and microbusiness market.
“At an exciting time for the business, we’re grateful to the team at BOOST&Co and are confident that our ambitious expansion plans are achievable with their support.”
BOOST&Co began working with TelcoSwitch in late 2020, supporting the acceleration of the firm’s ambitious expansion plans.