On Wednesday, the leading European UCaaS provider, Soluno announced that it has acquired the cloud telephony division from Norway-based NetNordic, the Nordic System Integrator. As per the press release published by the company, the agreement reflects both companies’ ambition to be leaders within their core business. It 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.”
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With the acquisition, the UCaaS provider will leverage NetNordic’s cross-border expertise to its global customers and benefit from the senior experience in sales, support, and product. Both the companies have also assured that nothing will change in the short term and that Soluno will communicate any future changes with good foresight.
Fredrik Rosman, CEO NetNordic Sweden AB said, “It is a natural move for both companies. 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.”
And Mattias Ohde further added, “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.”
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In recent news, Soluno has announced the launch of MyAcademy, a new interactive learning platform to speed up growth and customer satisfaction. The UCaaS service provider is expanding in Europe with a wholesale-first concept and innovates heavily to stay ahead in a competitive market. MyAcademy enables partners to familiarize themselves with Soluno’s product portfolio at their own pace and at a time of their choosing.
Mid-last year, Soluno also announced its integration with Slack and launched Slack Telephony. With Slack Telephony, users get their line state and presence gathered automatically from the phone system, and directly displayed in the Slack interface. The integration marked the next phase of rich experience across an expanded range of product integrations.
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Cloud telephony solutions are replacing conventional phone systems and have a number of advantages over them. Traditional telephony requires a lot of technology and equipment, which can be costly for small and medium-sized organizations.
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